Tan Sri Chen Lip Keong holds 73.41% of Karambunai Corporation Bhd shares
KUALA LUMPUR: Karambunai Corporation Bhd's (KCB) largest shareholder Tan Sri Chen Lip Keong's proposal to take the property and tourism company private is not fair but reasonable, the independent adviser Inter-Pacific Securities said.
InterPac said on Thursday the share offer price of 11 sen was a discount of 14 sen or about 56% to the revalued net asset value (RNAV) per KCB share of 25 sen.
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