Magma Group Bhd
MMYX:MAGMA0.27
MYR
0.00
(0.00%)
ISIN
MYL7243OO008
Return %
Stock
S&P 500
1Y
-15.62
14.20
3Y
170.00
81.12
5Y
-32.50
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Chee Fong Liang
- Sector
- Finance
- Industry
- Real estate development
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Dec 10, 2007
- Website
- magma.my
- Similar Companies
- Business
- Magma Group Berhad is an investment holding company that operates primarily in the hospitality, hotel management, and property development sectors. Incorporated in 2006 and headquartered in Kuala Lumpur, Malaysia, the company operates across three core business segments: Hotel Operation, Hotel Management, and Property Development. The group offers a diverse portfolio of hospitality and real estate solutions, comprising hotel and resort operations, delivering guest accommodations, food and beverage dining, banqueting, and meeting, incentive, conference, and exhibition (MICE) facilities under brand assets including WOLO Kuala Lumpur, Impiana Hotel Senai, and Impiana Hotel Ipoh; professional hospitality management services, providing third-party hotel operations, asset administration, marketing, operational consultancy, and recreational club management through subsidiaries such as Impiana Hotels & Resorts Management Sdn. Bhd. and Magma Hospitality Management Sdn. Bhd.; and property development and investment, covering land acquisition, project master planning, building construction, and real estate investment holding for commercial, residential, and mixed-use hospitality assets. The company primarily caters to domestic and international business and leisure travelers, corporate event organizers, and property buyers across key economic hubs in Malaysia, notably Kuala Lumpur, Johor, and Perak. In recent corporate developments, the company executed a strategic rebranding, officially changing its name from Impiana Hotels Berhad to Magma Group Berhad in December 2023 to reflect its broader growth mandate and business diversification into property development. To strengthen its real estate pipeline, the group acquired a 2.26-acre commercial land parcel in Dutamas, Kuala Lumpur, for RM80 million through a combination of cash, new ordinary shares, and redeemable preference shares, completing the transaction in 2025. Additionally, the group completed a RM379.21 million capital reduction in August 2025 to eliminate accumulated losses and optimize its balance sheet, alongside multiple fundraising initiatives including private placements and convertible notes. Reinforcing its transition toward an asset-light management and strategic development model, Magma Group completed the full disposal of its 20% equity interest in Heritage Lane Sdn. Bhd., the owner of Impiana KLCC Hotel, for RM63 million in cash in September 2026.