KUALA LUMPUR (Sept 24): Karambunai Corp Bhd shares surged 29% this morning after its largest shareholder Tan Sri Dr Chen Lip Keong, who holds a 73.41% stake in the company, offered to take Karambunai private in a deal worth an estimated RM184.67 million.
At 9.21am, Karambunai rose 2.5 sen to 11 sen, valuing it at RM635.43 million.