Proposed Change of Company Name 24 Jul 2018, 07:00 Proposed Change of Company Name Current Stock Name: BIOOSMO Current Company Name: BIO OSMO BERHAD Proposed Company Name: IMPIANA HOTELS BERHAD Remarks: BIO OSMO BERHAD (BIO OSMO OR THE COMPANY)We refer to our announcement on 17 April 2018 in relation to the change of its name from "BIO OSMO BERHAD" to IMPIANA HOTELS (MALAYSIA) BERHAD (Proposed Change of Name).The Company has submitted a new application to the Companies Commission of Malaysia (CCM) for the use of the proposed name IMPIANA HOTELS BERHAD in place of Impiana Hotels (Malaysia) Berhad.The Proposed Change of Name is subject to the approval being obtained from the shareholders of the Company at the Extraordinary General Meeting to be convened at a date to be announced later. A Circular to Shareholders with the details of the Proposed Change of Name will be issued in due course. The Proposed Change of Name, if approved by the shareholders, will take effect from the date of issuance of the Certificate of Notification on Change of Name of Company by the CCM to the Company.This announcement is dated 24 July 2018. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hkhk
2,066 posts
Posted by hkhk > 2018-05-30 10:34 | Report Abuse
macam mati lo