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Magma plans to expand into Sabah with a RM60.9 million acquisition of LUMA Hotel, using a combination of cash and shares, to strengthen its hotel portfolio amid improving tourism in the region.
Magma Group Bhd is proposing to acquire the entire business and operations of the Luma Hotel in Kota Kinabalu, Sabah, together with four contiguous buildings where the hotel is currently operating from, for a total of RM60.9mil.
KUALA LUMPUR: Magma Group Bhd merancang untuk mengambil alih LUMA Hotel di Kota Kinabalu pada harga RM60.9 juta menerusi urus niaga tunai dan saham, bagi mengembangkan portfolio hotelnya.
Magma Group Bhd (KL:MAGMA) said on Thursday it plans to acquire the LUMA Hotel in Kota Kinabalu for RM60.9 million in a cash-and-shares deal, to expand its hotel portfolio.
(吉隆坡5日讯)联大集团(MAGMA,7243,主板消费产品服务组)宣布签署一项协议备忘录,拟收购位于沙巴亚庇的绿蔓酒店(The Luma Hotel),总收购价为6090万令吉。根据文告,该拟议交易将通过全资子公司Magma Avenue私人有限公司进行,其中包括收购HH Home Hotel私人有限公司的100%股权。HH Home Hotel为绿蔓酒店的业主及运营公司。此外,交易也包括收购位于Sutera Avenue的四栋相连建筑物,共40个商业单位,而酒店目前正于该物业内营运。有关...
PETALING JAYA: Magma Group Bhd is proposing to acquire the entire business and operations of the Luma Hotel in Kota Kinabalu, Sabah, together with four contiguous buildings where the hotel is currently operating from, for a total of RM60.9mil.
KUALA LUMPUR: Magma Group Bhd's unit, Magma Avenue Sdn Bhd, is acquiring the LUMA Hotel and four adjoining buildings in Kota Kinabalu, Sabah, for RM60.9 million to expand its hospitality portfolio.
KUALA LUMPUR: Magma Group Bhd has received shareholder approval for the proposed disposal of its entire 20 per cent stake in Heritage Lane Sdn Bhd for RM63.0 million.
DESPITE a modest 1.4% gain for the FBM KLCI in 2025, the year was far from uneventful. It was a tale of extremes, marked by sharp swings in sentiment and pronounced sectoral divergence.
Coming off a strong 2024, optimism ran high that foreign investors would return to Bursa Malaysia. Ex...
THE Malaysian property market in 2025 was a picture of resilience and steadiness, with transaction data showing a more measured pace of activity but slightly stronger value growth.
Data from the National Property Information Centre (Napic) shows 108,250 transactions recorded in the thir...
A police blitz in March 2025 targeted Mobility Beyond Imagination (MBI), reviving the spectre of one of Southeast Asia’s most notorious alleged multi-billion-dollar Ponzi schemes. The scheme preyed largely on Chinese nationals while entangling Malaysia’s corporate elite and prime real estate in a...
Luxury retailer Valiram family is said to be the Malaysian family office acquiring Lendlease’s 40% stake in The Exchange TRX mall and its entire 60% stake in the adjacent TRX Campus office for about RM1.1 billion, sources told The Edge.