KARAMBUNAI CORP BHD [], whose share price has rallied over the past three days, on a news portal report about an integrated resort in Sabah, said it had not submitted any official proposal to the government.
“Karambunai has not up to date submitted any official proposal to the Malaysian government, nor has it penned any written documents with any other third parties in respect of any plan to build a casino in Karambunai,” it said in response to a query from Bursa Malaysia Securities Bhd on Friday, Sept 24.
Karambunai is linked to NagaCorp Ltd which is listed in Hong Kong and operates a casino in Cambodia. Their common shareholder is Tan Sri Dr Chen Lip Keong, who founded NagaCorp Ltd. and serves as its chief executive officer. Chen is president of Karambunai Corp.
However, analysts had said they were skeptical about the proposed integrated resort project in Sabah.
No comments:
Post a Comment