Karambunai Corp Bhd

$KBUNAI / 3115 (KARAMBUNAI CORP BHD)

$KBUNAI / 3115 (KARAMBUNAI CORP BHD)

KUALA LUMPUR: Karambunai Corp Bhd shares jumped as much as 29% in early Tuesday trade after its largest shareholder, Tan Sri Chen Lip Keong offered to take the company private.

KUALA LUMPUR: Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, with a 73.41% stake, intends to take Karambunai private in a deal worth an estimated RM184.67 million.
Karambunai, in a filing yesterday, told Bursa Malaysia that it had received an unconditional voluntary takeover offer from UOB Kay Hian Securities (M) Sdn Bhd, on behalf of Chen, to acquire the remaining 1.54 billion shares or a 26.59% interest not held by him, at a cash price of 11 sen per share.

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.

PETALING JAYA: After a three-year hiatus, tycoon Tan Sri Chen Lip Keong is making another attempt at taking property and tourism company Karambunai Corp Bhd private at a higher offer price

KUALA LUMPUR (Sept 23): Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, who holds 73.41% stake in the company, intends to take Karambunai private in a deal worth an estimated RM184.67 million.
Karambunai told Bursa Malaysia in a filing today that it has received an unconditional voluntary takeover offer from UOB Kay Hian Securities (M) Sdn Bhd on behalf of Chen to acquire the remaining 1.54 billion shares or 26.59% interest in the company not already held by him, at a cash price of 11 sen per share. He is also offering 3 sen apiece for the remaining 523.5 million warrants, representing 51.57% of the outstanding warrants he does not hold.