Magma in shareholding changes


PETALING JAYA: Magma Group Bhd, formerly known as Impiana Hotels Bhd, has announced a change in the composition of its substantial shareholders following the allotment of consideration shares pursuant to the proposed acquisition that was approved at its EGM last month.

In a statement, the company said Skyload Express Sdn Bhd has emerged as a direct substantial shareholder, holding 120 million ordinary shares or 7.697% of Magma’s total issued share capital.

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