MAGMA GROUP BERHAD

KLSE (MYR): MAGMA (7243)

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Last Price

0.21

Today's Change

+0.005 (2.44%)

Day's Change

0.205 - 0.21

Trading Volume

328,700


3 people like this.

3,303 comment(s). Last comment by Seow8888 5 days ago

Posted by Yang Addison > 2019-04-08 13:39 | Report Abuse

oic

hkhk

2,066 posts

Posted by hkhk > 2019-04-09 12:36 | Report Abuse

Today mood ada bagus ka

ck_eyong

141 posts

Posted by ck_eyong > 2019-04-09 12:58 | Report Abuse

If you notice, the directors n farouk r exchanging their stock at 6c. Then again, it didn't report in the bursa.

Posted by Yang Addison > 2019-04-09 18:41 | Report Abuse

any announcement regard take over action?

hkhk

2,066 posts

Posted by hkhk > 2019-04-09 22:03 | Report Abuse

Hopefully besok good mood lagi

Speed123

763 posts

Posted by Speed123 > 2019-04-10 11:06 | Report Abuse

acquisitions done !

iceiscool

53 posts

Posted by iceiscool > 2019-04-10 11:31 | Report Abuse

fly fly.....

Takashi

296 posts

Posted by Takashi > 2019-04-10 11:37 | Report Abuse

15c coming buy

Speed123

763 posts

Posted by Speed123 > 2019-04-10 11:41 | Report Abuse

20c under impiana
just keep until change of name happen .. other dun care.

hkhk

2,066 posts

Posted by hkhk > 2019-04-10 11:54 | Report Abuse

Biar lepas 10c, 15c baru sampai 20c le

Shinnzaii

3,114 posts

Posted by Shinnzaii > 2019-04-10 14:51 | Report Abuse

wew...acquisition lai liao...hehe...i hope BIOOSMO future look good...hehe

Posted by hanifanip85 > 2019-04-10 16:48 | Report Abuse

up.....^^

hkhk

2,066 posts

Posted by hkhk > 2019-04-10 16:59 | Report Abuse

Tengok mood besok lagi

ck_eyong

141 posts

Posted by ck_eyong > 2019-04-10 17:08 | Report Abuse

Tomorrow listing is one thing. Another is who are the main achor of the 4.8 billion shares. Epf? Some Tân Sri? Or Dato?

Posted by Yang Addison > 2019-04-10 17:45 | Report Abuse

dun know

hkhk

2,066 posts

Posted by hkhk > 2019-04-10 21:08 | Report Abuse

Hope big boss good mood lagi

Speed123

763 posts

Posted by Speed123 > 2019-04-11 09:06 | Report Abuse

last call ... to buy
gonna suspend for announcement .

Posted by Yang Addison > 2019-04-11 09:29 | Report Abuse

suspend?

kenie

761 posts

Posted by kenie > 2019-04-11 09:41 | Report Abuse

TAKE-OVERS & MERGERS PARAGRAPH/RULE 9.19 (47A) UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH KENANGA INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN BIOOSMO BERHAD NOT ALREADY OWNED BY THE JOINT OFFERORS AND THE PERSONS ACTING IN CONCERT) AT A CASH OFFER PRICE OF RM 0.05 PER OFFER SHARE
04/04/2019

eatsmall

1,556 posts

Posted by eatsmall > 2019-04-11 09:43 | Report Abuse

BossKu ..limit up..

hkhk

2,066 posts

Posted by hkhk > 2019-04-11 09:52 | Report Abuse

vol banyak oi

Posted by Yang Addison > 2019-04-11 15:53 | Report Abuse

where got suspend,maybe got uma lor。hahaha

Speed123

763 posts

Posted by Speed123 > 2019-04-11 17:21 | Report Abuse

SRY miss out a word . " 1 day gonna suspend for announcement"
hahaha

chill la.. keep until change of name.

Posted by Yang Addison > 2019-04-11 18:54 | Report Abuse

Oic. When change of name?

Posted by Ravindran Raja Rathanam > 2019-04-11 22:08 | Report Abuse

INDEPENDENT ADVICE CIRCULAR TO THE SHAREHOLDERS OF BIO OSMO BERHAD IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY IMPIANA SDN BHD AND DATO SERI ISMAIL @ FAROUK BIN ABDULLAH (COLLECTIVELY, THE JOINT OFFERORS) THROUGH KENANGA INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF BIO OSMO BERHAD NOT ALREADY OWNED BY THE JOINT OFFERORS AND THE PERSONS ACTING IN CONCERT (OFFER SHARES) AT A CASH CONSIDERATION OF RM0.05 PER OFFER SHARE (OFFER)

Is this a good news. Shall we keep or dispose? If they acquire the remaining share at RM0.05, will the market price be adjusted to RM0.05 as well? Sorry for asking. Im a newbie here. Planing to add more unit here. Kind advice pls

ck_eyong

141 posts

Posted by ck_eyong > 2019-04-11 22:54 | Report Abuse

The offer 0.05c ended months ago.

ck_eyong

141 posts

Posted by ck_eyong > 2019-04-11 22:55 | Report Abuse

Days*

Posted by Yang Addison > 2019-04-12 06:24 | Report Abuse

Q report out soon?

ck_eyong

141 posts

Posted by ck_eyong > 2019-04-12 08:02 | Report Abuse

You mean annual report?

Posted by Yang Addison > 2019-04-12 08:12 | Report Abuse

SingInvestor thank 4 comment

Speed123

763 posts

Posted by Speed123 > 2019-04-12 08:29 | Report Abuse

MULTIPLE PROPOSALS BIO OSMO BERHAD ('BIO OSMO' OR THE 'COMPANY') ACQUISITIONS; PRIVATE PLACEMENT; OFFER FOR SALE; AMENDMENTS; AND CHANGE OF NAME (COLLECTIVELY, THE 'PROPOSALS')
BIO OSMO BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description BIO OSMO BERHAD ('BIO OSMO' OR THE 'COMPANY')

ACQUISITIONS;

PRIVATE PLACEMENT;

OFFER FOR SALE;

AMENDMENTS; AND

CHANGE OF NAME

(COLLECTIVELY, THE 'PROPOSALS')


(Unless otherwise defined, the definitions set out in the announcement dated 12 April 2018 shall apply herein.)



On behalf of the Board, M&A Securities is pleased to announce that the Acquisitions and Offer for Sale are deemed completed following:



(i) the listing of and quotation for the 4,800,000,000 new Bio Osmo Shares on the Main Market of Bursa Securities with effect from 9.00 a.m., 11 April 2019; and



(ii) the allotment and issuance of 3,200,000,000 new ICPS.

Speed123

763 posts

Posted by Speed123 > 2019-04-12 08:32 | Report Abuse

ACQUISITIONS; done
PRIVATE PLACEMENT; done
OFFER FOR SALE; done

CHANGE OF NAME - on the way !

Speed123

763 posts

Posted by Speed123 > 2019-04-12 08:33 | Report Abuse

under impiana 20 cents . my TP .

hkhk

2,066 posts

Posted by hkhk > 2019-04-12 09:49 | Report Abuse

10c, 12c, 15c, 20c kasi lo

hkhk

2,066 posts

Posted by hkhk > 2019-04-12 09:49 | Report Abuse

PP belum done kot

kenie

761 posts

Posted by kenie > 2019-04-12 10:11 | Report Abuse

TAKE-OVERS & MERGERS PARAGRAPH/RULE 9.19 (47A) UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH KENANGA INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN BIOOSMO BERHAD NOT ALREADY OWNED BY THE JOINT OFFERORS AND THE PERSONS ACTING IN CONCERT) AT A CASH OFFER PRICE OF RM 0.05 PER OFFER SHARE

Posted by McGradyChan > 2019-04-12 11:13 | Report Abuse

kimi = DRwarrant .....

Posted by Yang Addison > 2019-04-12 11:30 | Report Abuse

so many action ,price also dun move

kakakemas

377 posts

Posted by kakakemas > 2019-04-12 11:37 | Report Abuse

Those who wanna run just run, dont have to shout here. Thats ur tactic to cause panic sell and u wanna buy cheaper. ...ok go run and dont comeback. lol..later is this counter up, dont regret

Posted by Yang Addison > 2019-04-12 11:49 | Report Abuse

hahaha well said

hkhk

2,066 posts

Posted by hkhk > 2019-04-12 12:02 | Report Abuse

still ada chance to get 7.5c

kakakemas

377 posts

Posted by kakakemas > 2019-04-12 12:08 | Report Abuse

later if the price moves like Orion, everybody will chase it. Human behaviour never change

hkhk

2,066 posts

Posted by hkhk > 2019-04-12 12:12 | Report Abuse

bro speed123 20c tp oh

Posted by Yang Addison > 2019-04-12 12:29 | Report Abuse

let wait N see later。

ck_eyong

141 posts

Posted by ck_eyong > 2019-04-12 18:25 | Report Abuse

12c. hhaah

hkhk

2,066 posts

Posted by hkhk > 2019-04-12 20:41 | Report Abuse

7.5c road block. Boss mood tak bagus

kakakemas

377 posts

Posted by kakakemas > 2019-04-12 23:10 | Report Abuse

shark reload!

Takashi

296 posts

Posted by Takashi > 2019-04-12 23:45 | Report Abuse

Monday maybe suspend.....

Posted by SingInvestor > 2019-04-12 23:52 | Report Abuse

I need this News to remind myself NOT TO SELL as more goodies is on the way. ;)


KUALA LUMPUR: After disposing of its loss-making osmosis drinking water business last year, Bio Osmo Bhd plans to return to profitability by growing its hospitality businesses.

Soon to be renamed Impiana Hotels Bhd upon the completion of its acquisition of the Impiana Group’s hotel assets, Bio Osmo currently has two principal business divisions related to the hotel business.

The first deals with the ownership and operation of hotels and resorts, while the second provides professional management services to hotels and resorts, and consulting and technical services to landowners for development of hotels and resorts.


For the 18-month period ended Dec 31, 2018, the group registered a net loss of RM11.92 million or 1.50 sen per share, compared with a net loss of RM13.17 million or 1.87 sen per share for the 18-month period ended Dec 31, 2017. Revenue fell 26.19% to RM4.82 million from RM6.53 million.

“The first thing we want to do is to turn around the company after bleeding for so many years,” said Bio Osmo executive director Azrin Mirzhan Kamaluddin.

Azrin expects the top contributor to the company’s earnings this year to be Impiana Cherating, followed by Impiana Hotels and Resorts Management (the division that manages the company’s local and foreign hotels) and Impiana Pangkor.

“We hope to secure 100% property sales in Cherating and get a few more hotel management contracts to grow our business,” he said.

Azrin said the redevelopment of Impiana Resort & Residences Cherating in Kuantan is currently under way, with a total gross development value (GDV) of RM413 million. It is targeted to reopen in 2020 or 2021.

About 50% of the GDV is for the first phase of the project, which consists of 257 serviced residence units and 11 private villa units. The redevelopment will allow the group to boost its income from both the sale of units and from hotel management revenue.

Azrin said the serviced residence units are open for sale, on a sale-and-leaseback basis, and have seen a take-up rate of 60%. The company expects to recognise the revenue from these sales from the second quarter of 2019 onwards.

The units are priced at around RM850 per sq ft, or RM500,000 to over RM1 million per unit.

Turning to Impiana Hotel Ipoh, Azrin said the operating environment has seen some improvement, albeit at a slower pace because 40 of its 200 rooms are currently undergoing refurbishment. He foresees the occupancy rate to rise once the refurbishment is completed.

Azrin said Bio Osmo is also set to receive new income contributions this year from its Impiana Private Villas Ubud in Bali, Indonesia which is slated to open in July or August, and also through its provision of hotel management service for a hotel located in Seoul, South Korea.

He said the company has signed a 10-year management contract, with the option of extending the contract for another 10 years, with a local hotelier in South Korea. This marks the group’s first expansion outside Southeast Asia.

Azrin said the hotelier, who is a regular customer of Impiana KLCC, liked the hospitality experience provided by Impiana and wished to bring the hospitality service to South Korea.

“The hotelier wanted us to manage his hotel, and even requested for a Malaysian general manager. It is a good marketing strategy for us as someone who has good experience in hotel management wants us to manage his property,” said Azrin.

The hotel, which is slated to re-open at the end of the year, has about 160 rooms with an occupancy rate of over 60%. Azrin is aiming to raise the occupancy rate to 80% after the reopening.

“We have sent over our technical team to find out the areas that require refurbishment. It will take us a few months to do the refurbishing,” he added.

Azrin said he is hopeful of securing more hotel management contracts from South Korea in future. The Impiana Group has also been receiving several inquiries in respect of providing hotel management service, especially from India.

One factor the group would look into before deciding to take up the offers is the location of the hotel.

“Sometimes the property’s location is not right regardless of how good the manager is. If it (the location) is just not meant to be a hotel, we will walk away,” said Azrin.

As for its existing hotel assets in Thailand and Indonesia, the group holds the properties jointly with local partners. The hotels in Thailand include Impiana Resort Patong and Impiana Private Villas Kata Noi, both located in Phuket, and Impiana Resort Chaweng Noi in Koh Samui.

All of the groups’ three private villas in Indonesia are located in Bali, namely Cemagi, Seminyak and Ubud.

Azrin said the group is looking into injecting these overseas properties into the listed entity in future.

https://www.theedgemarkets.com/article/hotel-business-set-turn-bio-osmos-fortunes-around

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