Kwasa Land partners Impiana to develop RM1.5 bil residential project in Kwasa Damansara
The 47-acre residential development is called Serene Kwasa Damansara.
The 47-acre residential development is called Serene Kwasa Damansara.
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.
The company said Lee and his spouse Datin Seri Joanne Yew Hong Im are currently the group’s largest substantial shareholders, with 120.
The group said Advance Opportunities Fund and Advance Opportunities Fund I have ceased to be the group’s substantial shareholders, with the former offloading its entire 65 million shares or 10.
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.
Advance Opportunities Fund ceased to be a substantial shareholder of Impiana on April 14 after selling 21.
“The company has obtained legal advice and intends to contest the winding-up petition vigorously as Impiana Cherating is able to settle the amount claimed and there is no need to liquidate the assets of Impiana Cherating to settle the amount.
KUALA LUMPUR (Nov 12): Impiana Hotels Bhd said it has triggered the prescribed criteria of Practice Note 17 (PN17) under the Main Market Listing Requirements but will not be classified as a PN17 company, thanks to Bursa Malaysia's relief measures.
KUALA LUMPUR (Sept 29): Regional hospitality operator Impiana Hotel Bhd will commence the development of Impiana Resort & Residences in Cherating (Impiana Cherating) (pictured), Kuantan, which carries a gross development value (GDV) of RM380 million.
PETALING JAYA (July 9): Singapore-based Selo Group is collaborating with Impiana Hotels Bhd to rollout a vacation home development - Samãja Selo Private Residences, in Tioman Island, Pahang.