Impiana Hotel changes name to Magma Group

Notably, Impiana Hotel was in the spotlight in August this year after it saw Datuk Seri Lee Hock Seng and his spouse Datin Seri Joanne Yew Hong Im emerge as the group’s largest substantial shareholders following the duo’s acquisition of 120.

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Impiana looking to buy 70% of SOULed OUT operator

On Wednesday, the hotels and resorts operator announced that it had entered into a Memorandum of Understanding (MoU) with Choo Kok Yeow, a major shareholder of Cafelink who represents the existing shareholders of the company, to acquire 217,000 ordinary shares in the F&B operator.

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