Magma Looks To Hospitality In Driving Growth

Magma Group Berhad looks to focus and strengthen its core business which is the hospitality segment, this was reiterated during the group’s 15th Annual General Meeting today (26 June) where shareholders unanimously approved all resolutions presented.

Dato’ Sri Thomas Liang Chee Fong, Group Managing Director of Magma Group Berhad commented, “We are grateful for the continued support and trust of our shareholders. The approval of all resolutions enables us to move forward with our strategic initiatives aimed at enhancing value and driving sustainable growth. Our focus remains on strengthening our core hospitality operations, leveraging our flagship properties to improve occupancy rates and Average Room Rates (“ARR”). Additionally, we are committed to maintaining high standards of corporate governance and operational excellence. As we look to the future, we are optimistic about the opportunities ahead and are dedicated to creating long-term value for our shareholders.”

Thomas added that the group remains focused on its core operations within the hospitality sector, particularly leveraging the strengths of its flagship hotels, including Impiana KLCC Hotel, Impiana Hotel Ipoh, Impiana Hotel Senai, and WOLO Kuala Lumpur.

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