Impiana to diversify into property development

Impiana said the ongoing redevelopment of Impiana Residences Cherating by its wholly-owned subsidiary, Impiana Cherating Sdn Bhd, has been identified as the group’s maiden venture into property development. (File pic - Impiana Residences Cherating.)

PETALING JAYA: Impiana Hotels Bhd plans to diversify its core business to include property development, with the aim of improving earnings and enhancing shareholders’ value.

Impiana said the ongoing redevelopment of Impiana Residences Cherating by its wholly-owned subsidiary, Impiana Cherating Sdn Bhd, has been identified as the group’s maiden venture into property development.