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BIO Osmo Bhd is undertaking a corporate exercise as it sells its loss-making bottled drinking water business and later injecting the Impiana Group’s local hotel assets into the group.
PETALING JAYA: Tanjung Offshore Bhd managing director Harzani Azmi has emerged as a substantial shareholder in Bio Osmo Bhd, spurring speculation that the loss-making bottled water manufacturer might change its course into the more lucrative oil and gas (O&G) sector.
PETALING JAYA: Bio Osmo Bhd will exit its loss-making bottled drinking water business following the disposal of its wholly owned subsidiary Amshore Holdings Sdn Bhd for RM2.5mil.
KUALA LUMPUR: JF Apex Research expects Bina Puri, Datasonic, Bio Osmo and Alam Maritim to see trading interest on Monday following the fresh corporate news.
BIO Osmo Bhd, a Malaysian public limited company, officially announced the commencement of production for world-renowned energy drink Arctic Ice in Malaysia recently.