FACB Resorts to change name to Karambunai Corp

  • Business
  • Wednesday, 29 Sep 2004

by Ruben Sario in Kota Kinabalu

MAIN board listed FACB Resorts Bhd will rename itself Karambunai Corp Bhd to reflect the company's commitment in developing its 600ha Karambunai property in Sabah that includes a 500-room five-star resort. 

Chief operating officer Robin Loh said that as part of its focus on Karambunai, the company was also divesting its non-core assets, including its 360ha Bukit Unggul residential resort development in Sepang. 

“The way forward for us now is to identify resort-related revenue generating and profitable components at Karambunai with a customer base of at least one million visitors annually over the next three years,'' he said after the company AGM in Kota Kinabalu yesterday.  

Loh said that to complement its Nexus Karambunai Resort, FACB Resorts was in the final planning stages of three tourism components, which he said would further transform Sabah into a “must see and must visit destination.” 

He said the projects were the construction of a cable car system, a living museum of Borneo focusing on Sabah rainforest, and a Borneo aviary and agriculture park. 

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