Posted on 12 April 2018 - 11:30pm
sunbiz@thesundaily.com

PETALING JAYA: Drinking water company Bio Osmo Bhd proposes to acquire six companies for a total of RM425.9 million to expand its existing hospitality business.

Five of the companies are Impiana Hotels & Resorts Management Sdn Bhd (100% stake for RM70.84 million), Impiana Pangkor Sdn Bhd (100% for RM79 million), Astaka Mekar Sdn Bhd (100% for RM15.83 million), Intra Magnum Sdn Bhd (25% for RM12.68 million) and Impiana Cherating Sdn Bhd (100% for RM207.14 million), to be satisfied through the issuance of new shares and new irredeemable convertible preference shares (ICPS), at an issue price of 5 sen per share.

In addition, Bio Osmo’s 75%-owned Intra Magnum is buying Impiana Ipoh Sdn Bhd for RM40.41 million, which is to be satisfied via the combination of 174.11 million new shares, 116.07 million new ICPS and RM25.9 million cash.

Bio Osmo said the purchase sum falls within the range of the fair market value of RM397.80 million to RM439.98 million.

Following the acquisitions, Bio Osmo proposes to change its name to “Impiana Hotels (Malaysia) Bhd” to better reflect its principal business activity and the corporate identity.
The hospitality business contributed 51.6% to its financial year ended June 30, 2017.

In addition, the group proposes to undertake a private placement of up to 2 billion new shares to raise RM100 million at 5 sen per share for the repayment of bank borrowings, repayment of advances from shareholders and future expansion of hospitality assets/working capital.

Bio Osmo is also planning an offer for sale of up to 1 billion shares to independent third party investors at 5 sen per share.

On Bursa Malaysia today, Bio Osmo gained half a sen or 11.1% to close at 5 sen on volume of 544,000 shares.

Many years ago I attended their AGM held in Sime Darby Convention Centre. A reporter from Bernama was there and interviewed the CEO...

Any news for APFT?

Better sell cheap cheap let price go down so I can buy buy buy and accumulate ....

... no news?

11 years ago BAHVEST did apply a RM 20M loan from KFH for their fishery business. Fish farm in Sandakan & Lahat Datu, the ikan Kerapu after growing for 11 month is exported to Hong Kong back then. The 'sea chicken' taste good. They have good business model, clean management back then and Tabung Haji was one of their shareholder those days. Not sure about now.

Haiya ala manyak olang pandai cakap lekat sini. Borneo Harvest ... how high can you fly. Borneo oil too was looking for gold.

Out of 10 companies from China ONLY one or two can maintain it's price and maybe make some profit.

They're in good spirit. Impressive video currently shown in the AGM. I'll support this company for long term strategic investment, if oil price goes up or if they strike oil. Anyway I'll support locally Malaysian international company but that's just me. Wooo ...

Will invest soon ***

Thinking of buying it at 0.01?

I remember RHB group mentioning CMSB is a good run company. However if they stop or post-pone the Pan Borneo project, the income projection will be effected I guess.

Haiya! Too many noise before the storm.

Jack Dawson ... Titanic.

Better view long term prospect ...

I was there at the AGM. Questioning started with complaint on AGM food etc., noticed top management are mostly run by foreigners. Regardless of their origin as long as they run the company well and provide good growth and dividend to the shareholders.
It's common when oil price is down O&G co. cuts it CAPEX (very few corporation were prepared for the 'worse case' scenario of a deflated oil price), was asking on what if the current oil price shoots up, are they prepared to take advantage and have all their strategy in place. If you only start to market and find financing to bid project like the rest, it would be a tough crowd to follow.
They seem to know what they are doing & YAM Tunku Ali as chairman seems to control the crowd quite well. They was rumoured that the AK wanted to sell BumiArmada, it seems now it's more like an international company but based in Malaysia. Having little project in Malaysia with most income deriving from overseas, Angola problem reminds me of Petronas problem in Sudan when they split once ~ a headache mention by Tan Sri Shamsul Azhar when he was Hancho for Petronas during a raya gathering many years ago.
Some economist are predicting a global economic winter season. If it happens, I was wondering how Armada would fare. I am just afraid it is the calm before the storm.

Decide after 9 May 2018.

...

If one really want to make money, buy this share in 2016.

Congrads. Dato Seri Syed Zainal is the new boss. Expect PDB to perform better, he did an excellent job when he was in Proton.

So is it over for Kinsteel?

Business take time to develope and translate into profit or asset value increase.

Long term growth I guess?

Looking at the chart seems there is a yoyo trend.

0.005 ... either you make or break...

Will they have a competitor?

Alam ... training sea man to handle ships correct? It was under MISC Berhad. Now new marine time Uni. opening in Johor ...

To buy or not to buy MBSB?

Haiya menyesal jual cepat sangat.

Haiya gua mau invest long term maa ... ala halapan aaa?

It would take time to materialise?

Is it too high now or can go futher?

Anyone knows when it is expiring?

They received support from it's creditors meeting last Friday with all it's secured creditors supporting the scheme and 94.5% of unsecured creditors backing it. Please do check it out but in the past I did receive mixed review on this counter.

At one time BIMB (owner of Bank Islam) has more liabilities than assets but the major shareholder is Lembaga Tabung Haji, need I tell you what happen next. Either way I personally support the company owned by Tabung Haji.

Personal opinion (I could be wrong), any company backed by TH (Tabung Haji) or PNB/MOF will be supported and help either by the government, GLC ie: Petronas etc., due to low oil price a lot of companies are affected but todays news on court ruling for them to nego. on debt does give them a better position to survive. If you have extra cash and can effort to risk, high risk high return. It is cheap now?

Better research this counter throughly.

Does this company has strong financial standing?

How are the fundalmentals in the company?

Jgn karam cukup.
ps: Teringat Karam Sing Walia tv3

Why don't they change it to cybertron.
ps: Try working with Proton, Produa, Honda, Merc. etc
to incoporate their product with the locally assemble car.

Haiyo wa mau buat wang, lu olang cakap betul2 lor. Nanti wa punya wang sulah telebang manyak susah mau lapat balik woo. Cakap jangan pusing2 wo.

Now I'm listing to Yg Berbahagia Tan Sri William H.J. Cheng talking and the board answering question from shareholders for the 2017 AGM of Lion Corporation Berhad at their meeting hall Level 16, Lion Office Tower. We'll know in 6 to 8 months time.

Intresting times ahead.

... others are buying quitely but annual report shows otherwise.

Funny a takaful company in Malaysia where the bulk of the warrants holder are non muslim. Is thete some thing that we don't know?

Depends on world oil price movement.

Wang besar... no solid news?

During AGM please question the board of directors.

Thanks for the good write up. God bless you ...