Highlights
KLSE : KBUNAI       KARAMBUNAI CORP BHD Main : Properties
Last Price Today's Change   Day's Range   Trading Volume
0.07   0.00 (0.00%)  0.07 - 0.075  744,000
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Overview

Market Cap: 404 Million
NOSH: 5,776 Million
P/E | EY: 94.39  |  1.06%
DY | Payout %: 0.00%  |  - %
NAPS | P/NAPS: 0.1443  |  0.49
Avg Volume (4 weeks):9,301,915
4 Weeks Range:0.06 - 0.085
52 Weeks Range:0.04 - 0.085
Average Price Target:-

Headlines

Latest Headlines
09/03/2017  Stock With Momentum: Karambunai Corp
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  6 people like this.
 
taitaumau In the event, say DR Chen and his PAC (FACB) fail to hold > 90%
of the issued & paid-up capital in KCB

May i share with you the following bursa listing requirements:

CONTINUING LISTING CRITERIA
8.02 Compliance with shareholding or unit holding spread requirement

(1) A listed issuer must ensure that at least 25% of its
total listed shares (excluding treasury shares) or listed
units are in the hands of public shareholders or unit holders.
The Exchange may accept a percentage lower than 25% of
the total number of listed shares (excluding treasury
shares) or listed units if it is satisfied that such
lower percentage is sufficient for a liquid market in such
shares or units.


16.06 Request for withdrawal

(1) A listed issuer may not request to withdraw its listing
from the Official List, unless -

(a)the listed issuer convenes a general meeting to obtain its
shareholder or unit holder approval and a separate meeting
for the approval of the holders of any other class of listed
securities, if applicable
(b)the resolution for the withdrawal of its listing is
approved by a majority in number representing three
fourths in value of the shareholders or unit holders and
holders of any other class of listed securities, if applicable,
present and voting either in person or by proxy at the
meetings and provided that such shareholders or unit
holders and holders of any other class of listed securities
who object to the withdrawal is not more than 10% of the
value of the shareholders or unit holders and holders
of any other class of listed securities present and
voting either in person or by proxy. Where the
constituent document of the listed issuer imposes a stricter
condition in respect of the votes required to approve the
withdrawal of listing, such stricter condition will apply in
substitution of the foregoing provision;
(c) the shareholders or unit holders and holders of any other class
of listed securities, if applicable, are offered a
reasonable cash alternative or other reasonable
alternative (“exit offer”); and
(d) the listed issuer appoints an independent adviser,
which meets the approval of the independent directors, to
advise and make recommendations for the consideration of
the shareholders or unit holders and holders of any other class
of listed securities, if applicable, in connection with the
withdrawal of its listing as well as the fairness and
reasonableness of the exit offer.

Under the above scenario, based on my understanding:-

(1) Bursa may let KCB to maintain its listing status
(2) DR Chen/PAC may fail to obtain majority in number of members in EGM
(3) Exit offer usually will not be lower than 5 cents per share
(3) Last resort, minority shareholders can take up exit offer
31/05/2016 15:15
firehawk today chan lip keong buy from open market @0.05 ah?
31/05/2016 15:54
TheContrarian Those shareholders who refuse to sell @ 5 sen can take matter to court to ask for a higher more reasonable price. However, you need to appoint a solicitor and pay the solicitor unless he willing to work for free (like the late Karpal Singh) but if you lose the case, court can award costs against you.
31/05/2016 16:29
pvjsabah Exactly who are you The Contrarian.....for someone who sold all his shares a long time ago......you have a lot to say to us . SO do you want us all to accept the DR's offer and not put up a stand.....you have some interesting points but your intentions seem rather dubious.......just an observation......... but is your intentions are well meant.....I thank you.
31/05/2016 16:46
TheContrarian Now I just a busybody lah trying to provide information/options/alternatives/warnings to you people but at the end of the day it's all your decision.
31/05/2016 17:47
pvjsabah True...... Just thought you were working for the Doc.......at least it seemed like......
31/05/2016 18:22
TheContrarian To frustrate Chen you need to collectively own 20% and then make a takeover bid of FACB Industries which owns over 5%. I don't think any group of people has the financial resources to fp that.
31/05/2016 18:25
pvjsabah Ok...... Thank you
31/05/2016 18:37
GiveMeFive Victim of delisted companies, my friends you are not alone lah :(
31/05/2016 19:21
TheContrarian But we must learn from it and not to be a victim again. Bursa saham and SC don't really protect the interest of the minorities.
31/05/2016 19:37
GiveMeFive This double takeover is too glaring that the minority shareholders are bring cornered and unfairly treated. If not careful, the IPS's IAC could render the authorities to disapprove the takeover and derail this plan.
31/05/2016 21:02
George99 Thecontrarian. Ur information is not all correct.
01/06/2016 20:24
hon vui chin We just do not know what is cooking!
02/06/2016 10:43
lhm3061 sin chew daily... cover...sunsuria city... maybe the boss want cooking land...cau kbunai got land... neardy....ayoayo....
03/06/2016 11:15
Mowwwa so end of karamhunai ...
03/06/2016 14:20
Mowwwa Goreng?
03/06/2016 16:36
Mowwwa Whos buying at 5.5c for 13m share? I dont understand...the offer just was 5c
03/06/2016 16:48
prudentinvestor Maybe Chen is buying. The independent adviser has advised small shareholders to reject the 5 sen per share offer. As of 26/05/16, 23.86% of KBunai shares were still being held by the public. Chen needs to own at least 90% of KBunai shares for the unconditional voluntary take over offer to become successful.
06/06/2016 19:57
Mowwwa 2 more day left...can he?
07/06/2016 01:22
prudentinvestor Increase offer by 50%, sure he can.
07/06/2016 16:48
oldchinaman he is too greedy, his nagocorp listed in hong kong worth 12.35billions.,now he want to rob all the poor helpless retailers.he is 70years old ,he think he can bring all the money to the other world.
09/06/2016 00:48
Jehovahnissi God bless Dr.Chen
09/06/2016 10:32
cinapeh be fair a bit to retailers la,is not healthy one ppl rich and thousands poor
17/06/2016 16:20
oldchinaman rich become richer poor become begger
17/06/2016 23:31
WarrenLim Anyone know what is the case now?should i hold or just sell it 5sen?CalvinTaneng?
21/06/2016 03:03
Doggi The reason why Calvin Tan from Singapore investment is so deadly & always failed. In order to make from the market the actual fact is Timing, Calvin Tan investment is always off market timing. Read to understand more : http://www.thestar.com.my/business/business-news/2016/06/25/btoto-slide-raises-questions/
26/06/2016 12:18
chanky50 Investment strategy is depended on individual financial capability and flexibility. Calvin Tan is rich and has lots of spare money. He has holding power like Warren Buffett and he has the bullets to buy all the way down. I guess, for him perfect timing is good but not critical as those small capital trader. The point here is you can follow him if you are as rich as him. Same thing I can't follow Warren Buffet strategy because I am a small investor with small capital. My time frame is shorter and I can take higher risk aiming for higher return. I can even go for short term trading on lousy but speculative stocks, hit and run, that Warren Buffett will never do.
28/07/2016 15:05
chanky50 My main point is - have your own investment strategy. you may take others opinions but do some research and don't follow blindly.
28/07/2016 15:07
ibull Dr Yu Kuan Chon of YNH now top 2 warrant holder @38.1 mil / 3.76% per Karambunai 2016 Annual Report....any idea why he build this stake?..(2015=nil).
29/07/2016 00:20
tobuy2006 fuiyoh, turn profit wow.
18/11/2016 17:16
pvjsabah china coming in....... Pan Borneo Highway is going through this area....... so how.....any hope ?????
19/11/2016 07:33
603Malan Hi. i am still holding this share. Please can some one share your view and advise on whether i should continue to hold or sell?
16/01/2017 16:31
jayalbert it's a dead stock
16/01/2017 16:32
calvintaneng Hi guys,

Did you missed buying RceCap when it was 78 cts after consolidation?

To day RceCap is in headline news because of increased earnings.

When up more than 100% the market sit up and take notice?

Time to buy is when market still don't know.


Now let Calvin tell you a secret

ANOTHER RCECAP IN THE MAKING:

Islamic Pawn Shop!!

Where?

Joint Venture between Bank Maumalat & POS OFFICE. Both owned by DRB! Wuhu!

GIVING OUT MONEY LENDING THROUGH ISLAMIC PAWN SHOP!

Very safe just like RceCap got Govt loan deduction.

To pawn something you must have collateral like Gold, expensive watch or other items of Value. If can't redeem pawned items? POS/Bank Maumalat can sell it off by bidding.

And times are bad due to inflation & GST!

So more people will need to borrow monies. The margin of profit in pawn shop is very good. Almost like "Ah Long" rates!!

And there are 700 POS OFFICES THROUGHOUT MALAYSIA.

Imagine the obscene profits DRB going to reap!!!


Calvin has a Target Price for DRB at Rm2.80

SO BUY WHEN THE BUYING IS STILL CHEAP!!

BUY BEFORE DRB FLY AWAY LIKE RCECAP!!

CHEERS!!

HIP HIP HOORAY!!

Regards,

Calvin (partners for prosperity)
17/02/2017 10:44
Jehovahnissi shalom
27/02/2017 11:15
calvintaneng WAHAHAHAHAHA!

DEAD FISH COMING ALIVE!!!
08/03/2017 12:40
tan56 when will be mulpha's turn
08/03/2017 12:44
faizinvest87 Ready to fly soon..
08/03/2017 14:41
lbp83 tomorrow back to 0.065
08/03/2017 15:58
hopeanalyst any particular reason for this 2 days up?
09/03/2017 10:45
prudentinvestor Directors want to privatise the company but only offer 5 sen per share. Not many takers so they have to buy in the open market to boost the total shareholdings of the directors and other friendly parties to at least 90% before privatisation can become successful.
09/03/2017 11:08
lbp83 fast fast sell,upto 20cents later
09/03/2017 11:40
calvintaneng Wahahaha!

Naysayers are all confounded at last.

Another chun chun call of Calvin's coming alive!
09/03/2017 13:20
faizinvest87 Klci down red to the sea,i must jump to this rescue boat before late..hope tomorrow this boat become optimes prime can fly and make me smile..awesome..
09/03/2017 16:07
Lee Harvey I also come here to said "dead fish alive"?
09/03/2017 18:56
faizinvest87 Very cheap this stock and more buyer today..
10/03/2017 09:12
lbp83 slow slow buy ,slow slow sell
10/03/2017 14:41
lbp83 Why not same as IWCITY,haha
10/03/2017 14:41
Jehovahnissi shalom
17/03/2017 10:15
lbp83 zzzzzzzz
21/03/2017 15:29


 

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