looks like they are doing good so far.yes for sure worth watching.
3115 KBUNAI KARAMBUNAI CORP BHD
RM130 million Promissory Note
RM130 million Promissory Note issued by Karambunai Corp Bhd to Abrar Discounts
We refer to our announcements on 29 December 2009, 30 December 2009, 28 April
2010 and 27 July 2010 on the above matter.
The Company wishes to announce that the Rectification Period for the settlement
of the Promissory Note will be expiring on 28 August 2010. The Company is in
discussion with Abrar Discounts Berhad (ADB) for an extension of the
Rectification Period, pending settlement of the Promissory Note.
The Company shall make the relevant announcement when there is further
development to the proposed extension.
This announcement is dated 27 August 2010.
To be classified as PN17 soon, unable to settle debts amounted to 130 millions. Refer to bursa website. good luck.