KUALA LUMPUR: Shares of KARAMBUNAI CORP BHD [] and PETALING TIN BHD [] rose in late afternoon on Tuesday, April 19, bucking the cautious market after the government more details of the multi-billion ringgit Karambunai resort.
At 2.49pm, Karambunai was up three sen to 24 sen with 51 million shares done. Petaling Tin added five sen to 41 sen with 896,700 units transacted.
Earlier, Prime Minister Datuk Seri Najib Tun Razak announced the Karambunai Integrated Resort City.
A consortium consisting of Prism Crystal Enterprises Ltd and Tan Sri Dr Chen Lip Keong & group of companies together with the landowners Karambunai Corp and Petaling Tin would invest RM9.6 billion by 2020 to develop the Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.
This project is expected to generate a GNI contribution of RM9.319 billion and create 11,002 jobs by 2020.
At 2.49pm, Karambunai was up three sen to 24 sen with 51 million shares done. Petaling Tin added five sen to 41 sen with 896,700 units transacted.
Earlier, Prime Minister Datuk Seri Najib Tun Razak announced the Karambunai Integrated Resort City.
A consortium consisting of Prism Crystal Enterprises Ltd and Tan Sri Dr Chen Lip Keong & group of companies together with the landowners Karambunai Corp and Petaling Tin would invest RM9.6 billion by 2020 to develop the Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.
This project is expected to generate a GNI contribution of RM9.319 billion and create 11,002 jobs by 2020.
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