Magma Group Announces Key Corporate Proposals to Strengthen Financial Position and Expand Property Portfolio
Proposed RM380.0 Million Capital Reduction and RM80.0 Million Land Acquisition to Drive Strategic Growth KUALA LUMPUR, 24 SEPTEMBER 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic hospitality and investment holding company, today announced strategic corporate proposals aimed at strengthening its financial position and expanding its property development portfolio. The key proposals include […]
Magma Group Receives Shareholders Approval for RM100.0 Million Redeemable Convertible Notes Fund-Raising Exercise
Company Secures Shareholders’ Support to Strengthen Financial Position and Drive Sustainable Growth KUALA LUMPUR, 10 SEPTEMBER 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic hospitality and investment holding group, today announced that its shareholders have given their approval at the Extraordinary General Meeting (“EGM”) for the Company’s proposed issuance of Redeemable Convertible […]
Magma Group Reports 42.29% Growth In Revenue to RM6.988 Million For Q2 FY2024
Company Continues Positive Momentum in Hotel Segment, Focused on Sustainable Growth KUALA LUMPUR, 30 AUGUST 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic hospitality and investment holding group, today announced its financial results for the second quarter of the fiscal year 2024 (“Q2 FY2024”). The Company reported revenue of RM6.988 million for Q2 FY2024, reflecting […]
Magma Group Receives Bursa Securities’ Green Light for RCN Issuance, Subject to Shareholders Approval
Magma Group Receives Bursa Securities’ Green Light for RCN Issuance, Subject to Shareholders Approval KUALA LUMPUR, 15 AUGUST 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic hospitality and investment holding group, is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had given green light for the listing and quotation of […]
Magma Group Successfully Concludes 15th AGM With Shareholders’ Support
Company’s Shareholders Approve All Resolutions and Endorse Strategic Initiatives for Growth KUALA LUMPUR, 26 JUNE 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic hospitality and investment holding group, is pleased to announce that the Company had successfully conducted its 15th Annual General Meeting (“AGM”) today. Shareholders gathered to receive the annual report for the financial […]
Magma Group Reports Financial Results For 1Q FY2024
KUALA LUMPUR, 28 MAY 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic hospitality and investment holding group, today announced the financial results for the first quarter of the fiscal year 2024 (“Q1 FY2024”). The Company reported revenue of RM6.922 million for Q1 FY2024, with significant growth compared to the immediate corresponding quarter’s (“Q4 FY2023”) negative […]
Magma Group Announces New Leadership Appointment
Company Further Strengthens Its Market Position Under New Leadership KUALA LUMPUR, 20 MAY 2024 – Magma Group Berhad (“Magma”), a dynamic investment holding and hospitality group, today announced a significant transition in its leadership. Dato’ Seri Ismail @ Farouk Bin Abdullah has decided to step down as Executive Chairman, with Dato’ Sri Lee Hock Seng, the current Deputy […]
Magma Group Announces Financial Results For 4Q FY2023
KUALA LUMPUR, 29 FEBRUARY 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic investment holding group, today shared the financial achievements for the fourth quarter of the fiscal year 2023 (“4Q FY2023”) and highlighted promising prospects. The Company registered a Loss After Tax (“LAT”) of RM3.147 million in the current quarter, representing a […]
Magma Group Announces Positive Withdrawal from Legal Proceedings, Sets Stage for a New Beginning
KUALA LUMPUR, 10 JANUARY 2024 – Magma Group Berhad (“Magma” or the “Company”), a dynamic investment holding group, today announced a significant development in the Company’s ongoing legal proceedings. During the Case Management held on 9 January 2024, the Court granted permission for Public Bank Berhad (“the Plaintiff”) to withdraw the Suit against the Defendants, which includes Astaka Mekar Sdn […]
