Posted by FiveStar > 2018-05-14 10:47 | Report Abuse

A new Sabah and new opportunity for Kbunai!

Posted by pc007 > 2018-05-15 10:01 | Report Abuse

Up soon

Posted by Yong Chun Wah > 2018-05-31 19:04 | Report Abuse

karambunai has been turnaround and quite profitable now

Posted by Yong Chun Wah > 2018-05-31 19:05 | Report Abuse

up to the CEO to unlock its value and comply with the shareholdings spread

Posted by Yong Chun Wah > 2018-05-31 19:07 | Report Abuse

maybe, the largest shareholder could offer a more attractive price to take it private...

Posted by Yong Chun Wah > 2018-05-31 19:09 | Report Abuse

karambunai is profitable now but with cash flow issue. need financial engineer to unlock its value, etc. :)

Posted by Yong Chun Wah > 2018-05-31 21:09 | Report Abuse

:)

Sabah developers warn of fake agents selling Karambunai shares
Updated 8 months ago · Published on 28 Sep 2017 9:54PM ·

DEVELOPERS in Sabah raised the alarm over a group comprising foreign and local agents offering shares of a local company allegedly involved in the development of the RM9.6 billion Karambunai Integrated Resort.

Sabah Housing and Real Estate Developers (Shareda) president Chew Shang Hai noted the group operates in a covert multilevel marketing scheme, allowing them to offer the shares directly to investors through the WhatsApp messaging system.

He said the investors were promised a certain returns from scheme by the company which claimed to be the developer of over 404.6ha of the 1,351ha mega project.

“We are very worried about this trend and Shareda was made to understand that next week around 2,000 investors from China will be visiting Sabah for this purpose,” he said during the sidelines of the opening of the two-day Shareda Property Expo today.


"A check through the Securities Commission showed that the company in question had no approval to offer its shares to the public, but continued anyway through the digital media platform," added Chew.

He said the authorities have been informed over the activities, but Shareda wants the federal government to review the Housing Development Act and the Multimedia and Communications Act to provide stricter control over the digital media promotions.

According to him, two local individuals owned the land in Karambunai, which was about 40 minutes drive from Kota Kinabalu, but added of one of them decided to put it on sale in the market recently.

He said if the activities of these agents if continue to go unchecked could possibly ramp up the prices of the real estate even before the project could commence.

The karambunai Integrated Resort is part of the federal government’s Economic Transformation Programme announced in 2011 and was noted to be able to provide up to 50,000 new jobs to Sabahans.

Its development involve the construction of a water theme park, water spectacles, a fountain, a cable car, a mangrove research centre, a harbour cruise, a spa village and resort. – September 28, 2017.

Posted by Yong Chun Wah > 2018-05-31 22:02 | Report Abuse

do private placement like pansar bhd... shareholding spread issue can be resolved or right issue but the largest shareholder shall not subscribe :)

Posted by dusana > 2018-06-01 10:05 | Report Abuse

Kbunai will be another Pansar Bhd.

Posted by Yong Chun Wah > 2018-06-01 13:17 | Report Abuse

Borneo COMPANY

Posted by John Rae Wang > 2018-06-03 20:39 | Report Abuse

Buy the warrant. Kbunai gonna shoot up.

Posted by Yong Chun Wah > 2018-06-04 08:37 | Report Abuse

Monday, 28 May 2018

5:23PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:08PM KBUNAI Financial year end net profit 44.924 million (increased 137.78%)

Posted by Yong Chun Wah > 2018-06-04 08:37 | Report Abuse

buy the mother shares, dont buy the warrant

Posted by Yong Chun Wah > 2018-06-04 08:39 | Report Abuse

warrant exercise is 13sen+..... mother share is 8sen.... just buy the mother share.... warrant premium is more than 90%+ and with expiry date :)

Posted by Yong Chun Wah > 2018-06-04 08:39 | Report Abuse

the warrant is useless as at now based on the mother share price

Posted by John Rae Wang > 2018-06-04 10:25 | Report Abuse

Why klci keep going down

Posted by Yong Chun Wah > 2018-06-04 10:51 | Report Abuse

The market price has not reflected its turnaround in profitability.

Monday, 28 May 2018

5:23PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:08PM KBUNAI Financial year end net profit 44.924 million (increased 137.78%)

Posted by dusana > 2018-06-04 11:04 | Report Abuse

If mother fly son will just follow

Posted by Yong Chun Wah > 2018-06-04 11:19 | Report Abuse

Kbunai has started reporting continuous profitability since Feb 2017...

Monday, 28 May 2018

5:23PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:08PM KBUNAI Financial year end net profit 44.924 million (increased 137.78%)


Thursday, 5 Apr 2018

5:07PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Wednesday, 28 Mar 2018

5:18PM KBUNAI Redesignation of LIM MUN KEE As Others

5:13PM KBUNAI Redesignation of WAN KASSIM BIN AHMED As Others

5:10PM KBUNAI OTHERS


Monday, 5 Mar 2018

12:38PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Monday, 26 Feb 2018

5:10PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:04PM KBUNAI Nine-month net profit 25.067 million (increased 238.01%)


Wednesday, 3 Jan 2018

5:07PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Thursday, 23 Nov 2017

5:07PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:06PM KBUNAI 1H net profit 10.482 million


Friday, 6 Oct 2017

5:07PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Monday, 2 Oct 2017

5:03PM KBUNAI DEREGISTRATION OF DORMANT COMPANY


Wednesday, 20 Sep 2017

12:33PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Tuesday, 29 Aug 2017

12:58PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

12:56PM KBUNAI General Meetings: Outcome of Meeting

12:56PM KBUNAI 1Q net profit 3.016 million


Monday, 31 Jul 2017

12:56PM KBUNAI AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING

12:34PM KBUNAI General Meetings: Notice of Meeting


Tuesday, 4 Jul 2017

5:38PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Wednesday, 21 Jun 2017

12:36PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Wednesday, 31 May 2017

12:32PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

12:31PM KBUNAI Financial year end net profit 19.005 million


Thursday, 6 Apr 2017

5:06PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Friday, 24 Mar 2017

5:02PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Thursday, 16 Feb 2017

5:38PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:36PM KBUNAI Nine-month net profit 7.416 million


Wednesday, 4 Jan 2017

5:13PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:08PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Friday, 18 Nov 2016

5:03PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:02PM KBUNAI 1H net loss 0.778 million (decreased 93.23%)

Posted by Yong Chun Wah > 2018-06-04 11:33 | Report Abuse

In 2016, kbunai was making loss. Now, kbunai is very profitable... Do you think there will be a much better takeover offer this year? :)


Karambunai up as much as 9% after close of takeover offer
Chen Shaua Fui

theedgemarkets.com

June 10, 2016 16:29 pm +08


KUALA LUMPUR (June 10): Karambunai Corp Bhd (KCB) rose as much as 0.5 sen or 9.09% to 6 sen today, after the close of the unconditional voluntary take-over offer from Tan Sri Dr Chen Lip Keong yesterday, which saw 78.26% of its shareholders agreeing to the offer.

However, at 3.22 p.m., KCB's shares gave up gains to trade at 5.5 sen, after 16.88 million shares exchanged hands. It was the 13th most active stock of the day.

However, KCB’s structured warrant (KBUNAI-WC), which also saw active trades today — it was the 9th most active counter — was still up half sen or 33.33% at 2 sen, after 28.49 million shares were done.

Dr Chen, who had 68.46% in KCB, made the privatisation offer on April 28 at 5 sen per share and 2 sen per warrant. Chen had no intention of maintaining the listing status of Karambunai.

However, independent adviser Inter-Pacific Securities had advised KCB's minority shareholders on May 20 to reject Dr Chen's offer, citing though it can be deemed reasonable, it was "not fair" and that the unfairness substantially outweigh the reasonableness of the offer.

It had gone on to explain that KCB's offer price of 5 sen represented a discount of about 76% to the revalued net asset value (RNAV) per Karambunai share of 21 sen.

It had also noted that the 2 sen per warrant share was a discount of near 40% over the theoretical value of the warrants of 3.31 sen.

At the close of offer yesterday, the offeror held 78.26% in the company and controlled 45.24% of its warrants.

KCB, which is principally engaged in property development and construction activities, as well as leisure and tourism in Sabah, including hotel resort and golf course, has gained 22.22% year-to-date.

Posted by Yong Chun Wah > 2018-06-04 11:37 | Report Abuse

More and more interesting :)



PUBLIC SHAREHOLDINGS SPREAD
KARAMBUNAI CORP BHD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description KARAMBUNAI CORP BHD ("KCB" OR THE "COMPANY")

STATUS ANNOUNCEMENT ON COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD
Further to the Company’s announcement on 26 February 2018 in relation to the Status Announcement on public shareholding spread requirements pursuant to paragraph 3.3 of Practice Note 19 of the Main Market Listing Requirements (“Listing Requirements”), KCB wishes to make the following Status Announcement on its compliance with the required public shareholding spread in conjunction with the release of its quarterly results for the fourth quarter of the financial year ended 31 March 2018.

The Company currently does not comply with the public shareholding spread requirements as set out in paragraph 8.02 (1) of the Listing Requirements which stipulates a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders (the “Non-Compliance”).

As at the date of this announcement, the percentage of the public shareholding spread of the Company is at 20.72%. The Board of Directors is evaluating various options to address the Non-Compliance but has yet to firm up any option(s) having considered the limitations and practicality in implementing each of the options.

On 5 March 2018 the Company announced that Bursa Malaysia Securities Berhad has vide their letter of 1 March 2018 granted the Company an extension of time of six months until 7 June 2018 to comply with the required public shareholding spread.

This announcement is dated 28 May 2018.

Posted by Yong Chun Wah > 2018-06-05 10:08 | Report Abuse

i think corporate exercise will be very soon... never ending public shareholdings spread issue :)



Monday, 28 May 2018

5:23PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:08PM KBUNAI Financial year end net profit 44.924 million (increased 137.78%)


Thursday, 5 Apr 2018

5:07PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Wednesday, 28 Mar 2018

5:18PM KBUNAI Redesignation of LIM MUN KEE As Others

5:13PM KBUNAI Redesignation of WAN KASSIM BIN AHMED As Others

5:10PM KBUNAI OTHERS


Monday, 5 Mar 2018

12:38PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Monday, 26 Feb 2018

5:10PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:04PM KBUNAI Nine-month net profit 25.067 million (increased 238.01%)


Wednesday, 3 Jan 2018

5:07PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Thursday, 23 Nov 2017

5:07PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:06PM KBUNAI 1H net profit 10.482 million


Friday, 6 Oct 2017

5:07PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Monday, 2 Oct 2017

5:03PM KBUNAI DEREGISTRATION OF DORMANT COMPANY


Wednesday, 20 Sep 2017

12:33PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Tuesday, 29 Aug 2017

12:58PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

12:56PM KBUNAI General Meetings: Outcome of Meeting

12:56PM KBUNAI 1Q net profit 3.016 million


Monday, 31 Jul 2017

12:56PM KBUNAI AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING

12:34PM KBUNAI General Meetings: Notice of Meeting


Tuesday, 4 Jul 2017

5:38PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Wednesday, 21 Jun 2017

12:36PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Wednesday, 31 May 2017

12:32PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

12:31PM KBUNAI Financial year end net profit 19.005 million


Thursday, 6 Apr 2017

5:06PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Friday, 24 Mar 2017

5:02PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD


Thursday, 16 Feb 2017

5:38PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:36PM KBUNAI Nine-month net profit 7.416 million


Wednesday, 4 Jan 2017

5:13PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:08PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Friday, 18 Nov 2016

5:03PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:02PM KBUNAI 1H net loss 0.778 million (decreased 93.23%)


Friday, 7 Oct 2016

5:11PM KBUNAI PROVISION OF FINANCIAL ASSISTANCE


Friday, 26 Aug 2016

5:02PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

5:01PM KBUNAI General Meetings: Outcome of Meeting

5:01PM KBUNAI Retirement of CHEN LIP KEONG As President

5:00PM KBUNAI 1Q net loss 4.892 million (increased 6.12%)


Monday, 15 Aug 2016

5:17PM KBUNAI PUBLIC SHAREHOLDINGS SPREAD

Posted by illuminati3 > 2018-06-06 10:39 | Report Abuse

Yes need to make announcement already. Share price need to be more attractive to attract any interested investors . Maybe 0.25 should reflect its true value. Its had been bery profitable for the last 1 half years

Posted by illuminati3 > 2018-06-06 10:40 | Report Abuse

*very

Posted by Yong Chun Wah > 2018-06-06 12:08 | Report Abuse

Any new offer this year? if offer better deal, it is likely to be successful :)

Chen Shaua Fui / June 10, 2016

Karambunai up as much as 9% after close of takeover offer

KUALA LUMPUR (June 10): Karambunai Corp Bhd (KCB) rose as much as 0.5 sen or 9.09% to 6 sen today, after the close of the unconditional voluntary take-over offer from Tan Sri Dr Chen Lip Keong yesterday, which saw 78.26% of its shareholders agreeing to the offer.

However, at 3.22 p.m., KCB's shares gave up gains to trade at 5.5 sen, after 16.88 million shares exchanged hands. It was the 13th most active stock of the day.

However, KCB’s structured warrant (KBUNAI-WC), which also saw active trades today — it was the 9th most active counter — was still up half sen or 33.33% at 2 sen, after 28.49 million shares were done.

Dr Chen, who had 68.46% in KCB, made the privatisation offer on April 28 at 5 sen per share and 2 sen per warrant. Chen had no intention of maintaining the listing status of Karambunai.

However, independent adviser Inter-Pacific Securities had advised KCB's minority shareholders on May 20 to reject Dr Chen's offer, citing though it can be deemed reasonable, it was "not fair" and that the unfairness substantially outweigh the reasonableness of the offer.

It had gone on to explain that KCB's offer price of 5 sen represented a discount of about 76% to the revalued net asset value (RNAV) per Karambunai share of 21 sen.

It had also noted that the 2 sen per warrant share was a discount of near 40% over the theoretical value of the warrants of 3.31 sen.

At the close of offer yesterday, the offeror held 78.26% in the company and controlled 45.24% of its warrants.

KCB, which is principally engaged in property development and construction activities, as well as leisure and tourism in Sabah, including hotel resort and golf course, has gained 22.22% year-to-date. — theedgemarkets.com

Posted by Yong Chun Wah > 2018-06-06 12:15 | Report Abuse

Current NAB is 15.12sen, net profit for FYE 31.3.2018 was RM44mil+ now, very profitable now unlike in the red in 2016. PE is around 10 now too. what offer price is appropriate now if any? :)

Posted by Yong Chun Wah > 2018-06-07 10:10 | Report Abuse

still no action to resolve the public shareholding spread issue. wonder how long bursa malaysia allow the company to delay? :)

Posted by illuminati3 > 2018-06-07 10:28 | Report Abuse

Don’t know what the problem, this company so far have shown 7 quaters of continued profit. Price have not reglect this shld not be any problem for major shareholders and board of directors to resolve this.

Posted by Yong Chun Wah > 2018-06-07 14:31 | Report Abuse

Naga Corp and Karambunai have synergy, the customers can be rewarded by giving them free rooms, etc at karambunai resorts but Naga Corp will pay Karambunai ... reward and royalty program.

Posted by azhani > 2018-06-11 10:14 | Report Abuse

still no changes

Posted by thesteward > 2018-07-15 22:51 | Report Abuse

One good company one day will fly

Posted by thesteward > 2018-07-17 18:47 | Report Abuse

This One is really a GEM . Just be patient

Posted by azhani > 2018-07-18 15:20 | Report Abuse

collect collect !

Posted by tomwah > 2018-07-18 15:22 | Report Abuse

zzzzzlong time ,,,time to escape from cave

Posted by azhani > 2018-07-18 15:28 | Report Abuse

hahaha .. sleeping giant hopefully

Posted by illuminati3 > 2018-07-23 12:19 | Report Abuse

A Gem ...been generating 2 years consecutively of good profit.

Posted by SincereStock > 2018-07-24 16:08 | Report Abuse

anyone went to kbunai's annual meeting before? do they offer free buffet or free gifts?

Posted by dusana > 2018-07-25 11:04 | Report Abuse

when is the annual meeting?

Posted by Lim Tek Wai > 2018-07-25 11:05 | Report Abuse

Bought it ! good stock

Posted by illuminati3 > 2018-07-25 11:10 | Report Abuse

Queuing at 0.075 hopefully get some soon :)

Posted by dusana > 2018-08-01 12:51 | Report Abuse

Good Annual Meeting this month. Shareholders should vote out the relevant board of directors....company making great profit for 2 years they're not even doing anything to reflect it on stock price. Go and meet with Broking house Research Analysis to promote your company all makan gaji only!!!

Posted by illuminati3 > 2018-08-01 13:25 | Report Abuse

Agree! Kbunai shld be trading at 0.20 by now

Posted by George99 > 2018-08-01 21:12 | Report Abuse

Hoo.. only 20 sen... thought should be atleast 50 sen. This financial year having 37 mn cash. Next financial year should be almost 75 mn cash...lor..

Posted by George99 > 2018-08-01 21:33 | Report Abuse

Then another FA to be reach 100 mn. So proper plan for next high yield projects such as eco resort, casino, or bukit unggul mixed resort or others investment.

Posted by George99 > 2018-08-01 21:45 | Report Abuse

Haha... i tembak only...

Posted by SincereStock > 2018-08-02 15:41 | Report Abuse

annual meeting dia ada free buffet ka sana karambunai? plan beli sikit sikit saja pigi makan buffet kalau ada

Posted by azhani > 2018-08-02 16:42 | Report Abuse

now always touch .085c
good

Posted by illuminati3 > 2018-08-02 18:15 | Report Abuse

George99 Yes will eventually go to 0.50 if can hold longer.

Posted by George99 > 2018-08-05 20:47 | Report Abuse

This week 0.09 liao...

Posted by illuminati3 > 2018-08-06 13:53 | Report Abuse

The current board of directors are a usual placid and boring need to change all of them, share price has been like this for years already.