Wednesday, April 20, 2011

Karambunai, Petaling Tin continue to be active

KUALA LUMPUR: Shares of KARAMBUNAI CORP BHD [] and PETALING TIN BHD [] continued to be actively traded on Wednesday, April 20 a day after the government announced the multi-billion ringgit Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.

At 9.30am, Karambunai was the most actively traded with 36.1 million shares done. It was unchanged at 25.5 sen.

Meanwhile, Petaling Tin rose two sen to 50.5 sen with 7.56 million shares traded.

A consortium consisting of Prism Crystal Enterprises Ltd and Tan Sri Dr Chen Lip Keong & group of companies together with the landowner Karambunai and Petaling Tin will invest RM9.6 billion by 2020 to develop the resort city.

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