Bio Osmo to focus on hotel biz after RM425.9m acquisition

Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

KUALA LUMPUR: Bio Osmo Bhd will soon be known as Impiana Hotels Bhd upon the completion of its proposed acquisitions and injection of the Impiana Group hotel assets into the company.

In a circular to shareholders filed with Bursa Malaysia today, the company said it had signed a total of six share sale agreements to acquire hotels under the Impiana brand in Kuala Lumpur, Ipoh and Cherating, commercial land in Pangkor, as well as Impiana's hotel management company for a total purchase consideration of RM425.9 million.

An extraordinary general meeting to deliberate on the proposed corporate exercise is set on Feb 21, 2019.

Bio Osmo had disposed of its loss-making bottled drinking water business for RM2.5 million in line with its plan to focus on the hospitality businesses. - Bernama
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