KUALA LUMPUR: KARAMBUNAI CORP BHD []'s share price took a sharp dive and was actively traded on Monday, Sept 27 after the company said it had not submitted any official proposal to the government about an integrated resort (IR) in Sabah.
At 9.15am, Karambunai fell 5.5 sen with 47.64 million shares done.
Its share price had surged from 5.5 sen last Wednesday since a news portal reported about a possible integrated resort in Sabah, to close at 18 sen on Friday. Over the past three days, the share price is up 227% or 12.5 sen.
It closed six sen higher at 18 sen last Friday with 392 million shares, accounting for about 22% of the total trading volume on Bursa Malaysia.
At 9.15am, Karambunai fell 5.5 sen with 47.64 million shares done.
Its share price had surged from 5.5 sen last Wednesday since a news portal reported about a possible integrated resort in Sabah, to close at 18 sen on Friday. Over the past three days, the share price is up 227% or 12.5 sen.
It closed six sen higher at 18 sen last Friday with 392 million shares, accounting for about 22% of the total trading volume on Bursa Malaysia.
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