Another attempt to take Karambunai private

Sabah paradise: The company, which is known for its Nexus Resort and Spa in Karambunai, Sabah, seen here, had a total asset value of more than RM1.3bil and a cash position of RM33mil as at March 31,2019.

PETALING JAYA: After a three-year hiatus, tycoon Tan Sri Chen Lip Keong is making another attempt at taking property and tourism company Karambunai Corp Bhd private at a higher offer price.

In a filing with Bursa Malaysia yesterday, the doctor-turned-businessman made his offer to buy all Karambunai shares and warrants that he doesn’t own at 11 sen per share and three sen per warrant.