An key development took place on Apr 2017, a new largest shareholder emerge. Datuk Seri Ismail @ Farouk acquired 9.13% stake of BIOOSMO. Datuk Seri Ismail Farouk further increase his stake to current 19%, which become the largest shareholder. Entry cost is between 7sen-8sen per share.
Who is Datuk Seri Ismail @ Farouk ?
Datuk Seri Ismail Farouk is the group chairman of KAB Group, which owns the Impiana Group. The KAB Group consists Of Impiana Hotels & Resorts Management Sdn Bhd (IHRM), Rimbunan Raya Sdn Bhd and Institut Teknologi Perak (ITP). IHRM manages the hotels and resorts while Rimbunan Raya is a boutique property developer with a focus on high-end developement in Ipoh. For the first 8 months of the year, the company achieved a group turnover of RM108 Million and profit before tax (PBT) of RM24 Million. Of the total revenue and PBT, 66% came from the hotel division and the rest from property development. Impiana Group is the Jewel Of KAB Group.
Impiana Group
The operator Of Impiana hotels & resorts, has 4 hotels in Malaysia , 3 in Thailand and 1 in Indonesia. The group's total assets are currently worth almost RM500 Million and looking at doubling its asset base by 2017.
Dato Seri Ismail Farouk is a low profile but very successful entrepreneur in Malaysia. He build his hotel empire from zero to current asset worth RM1 Billion. He also serve as Independent Non- Executive Director of Shangri-La Hotels Malaysia since 1979. Shangri-La Hotels Malaysia belong to Malaysia richest tycoon Robert Kuok. Almost 30 years experience in Shangri- La, help Ismail Farouk to repeat the successful stories of Shangri- La into Impiana Group.
No forget to mention that, Dato Seri Ismail Farouk wife is Raja Eleena ( princess of Perak). She is the single largest shareholder of GAMUDA Bhd Malaysia. She become Malaysia 2nd richest woman in Malaysia with assets worth over RM800 Million.
http://klse.i3investor.com/blogs/bullsearcher/130287.jsp
