Shares of KARAMBUNAI CORP BHD [] and PETALING TIN BHD [] rose in late afternoon on Tuesday, April 19, bucking the cautious market after the government more details of the multi-billion ringgit Karambunai resort.
A consortium consisting of Prism Crystal Enterprises Ltd and Tan Sri Dr Chen Lip Keong & group of companies together with the landowners Karambunai Corp and Petaling Tin would invest RM9.6 billion by 2020 to develop the Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.
This project is expected to generate a GNI contribution of RM9.319 billion and create 11,002 jobs by 2020.
A consortium consisting of Prism Crystal Enterprises Ltd and Tan Sri Dr Chen Lip Keong & group of companies together with the landowners Karambunai Corp and Petaling Tin would invest RM9.6 billion by 2020 to develop the Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.
This project is expected to generate a GNI contribution of RM9.319 billion and create 11,002 jobs by 2020.
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