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Impiana Hotels plans to develop resort in Tioman

Wholly-owned subsidiary Impiana Tioman Villas & Residences Sdn Bhd (ITVR) yesterday inked conditional agreements to acquire five contiguous parcels of freehold land totalling 5.09 hectares, where it would build the resort, from Impiana Hotels’ executive chairman and major shareholder Datuk Seri Ismail @ Farouk Abdullah for RM7.5 million.