Bio Osmo to focus on hotel ops


?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

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, 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 RM425.9mil.

An EGM to deliberate on the proposed corporate exercise is set on Feb 21.

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

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Business , Bio Osmo , Impiana Hotels

   

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