Impiana Hotels sees 30m shares traded off-market

?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: Impiana Hotels Bhd saw 30 million shares traded in an off-market deal on Wednesday.

Stock market data showed the block of shares was transacted at 3.5 sen or 0.5 sen above Tuesday's close of three sen.

The shares accounted for 0.53% of its paid-up of 5.60 billion shares

Impiana Hotels was formerly known as Bio Osmo Bhd before a reverse takeover.

In a statement issued on April 19 this year, the company announced it had appointed Datuk Seri Ismail@Farouk Abdullah its executive chairman.

Farouk is the founder of Impiana Group, which is principally involved in the development and management of hotels and resorts, travel and leisure, property development and education.

He has over five decades of hospitality experience and knowledge in the global hospitality business.

Previously, Farouk had served as a director of Shangri-La Hotels (Malaysia) Bhd from 1997 to 2018.

He is the largest shareholder in Impiana with a 53.23% stake or 2.978 billion shares. His direct stake is 990.87 million shares or 17.71%.
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Impiana Hotels , Farouk Abdullah , Bio Osmo


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