Monday 17 Jun 2024
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KUALA LUMPUR (Aug 15): Impiana Hotels Bhd shares hogged the limelight as it rose as much as 25% to 10 sen, from eight sen previously, and was among the most actively traded stocks in the local bourse on Tuesday (Aug 15), following HYM Group chairman Datuk Seri Lee Hock Seng’s emergence as its larger shareholder on Monday.

At 2.35pm the stock was still up 1.5 sen or 18.75% to 9.5 sen, its highest level since May this year.

Year-to-date, the stock has gained 5.6% from nine sen on Jan 3 this year.

At 9.5 sen, the stock had a market capitalisation of RM58 million.

The stock's trading volume surged to 25.90 million shares, making it among the top 20 actively traded stocks on Bursa Malaysia.

This is more than seven times the trading volume on Monday, where the stock saw 3.5 million shares exchanging hands.

On Monday, Lee Hock Seng and his spouse Datin Seri Joanne Yew Hong Im emerged as Impiana Hotels’ largest substantial shareholders, following the duo’s acquisition of 120.8 million shares or a 19.9% stake in the company.

Lee is the group chairman of HYM Group, which owns and operates WOLO Kuala Lumpur and the Gold3 Boutique Hotel on Jalan Bukit Bintang.

Meanwhile, Impiana Hotels is principally engaged in hotel and property development businesses, managing hotels under its brand, including Impiana KLCC Hotel and Impiana Hotel Ipoh.

Edited ByEsther Lee
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