Gamble on warrantsTHE takeover offer for Karambunai Corp Bhd (KCB) has received positive response. The major shareholder, Tan Sri Dr Chen Lip Keong, received more than 92% acceptance, triggering the compulsory acquisition of the remaining shares.
Chen already has 79.28% when he launched the takeover of the remaining shares he did not own in the company, whose primary asset is 1,500 acres of sea-fronting land in Sabah, at RM0.11 each.
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