Nexus Resort & Spa, Karambunai
| Nexus Resort & Spa | |
|---|---|
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| General information | |
| Location | Sabah |
| Town or city | Karambunai in Kota Kinabalu metropolitan |
| Country | Malaysia |
| Opened | 1997 |
| Other information | |
| Number of rooms | 485 |
| Website | |
| www | |
Nexus Resort & Spa is a resort located in Karambunai, Kota Kinabalu, Sabah, Malaysia. The resort was opened in 1997 and located in a 3,335 acres of land facing the Karambunai Peninsula.[1] Originally developed by FACB Bhd,[2] the resort has around 485 guestrooms, villas, eight restaurants and bars along with an 18-hole golf course.[3]
Issues[edit]
In 2013, investors of Karambunai Corp Bhd's has called the federal government to intervene in a property dispute over the resort that has dragged on since 2009.[4] The investors also claimed that the resort properties were ill-managed, an allegation that was denied by the resort operators.[5] In early 2016, the resort been offer for privatisation by Chen Lip Keong, who has a 68.46% stake in the resort property and offering to buy out the remaining shares and warrants of the resort, leading the Independent adviser Inter-Pacific Securities advised minority shareholders of Karambunai Corp Bhd to reject the privatisation offer.[6]
References[edit]
- ↑ "Nexus is getting back on course". Daily Express. 2 May 2015. Retrieved 25 September 2016.
- ↑ "FACB to increase focus on tourism activities". New Straits Times. 29 September 1999. Retrieved 25 September 2016.
- ↑ "Nexus Resort Karambunai" (PDF). Allied Telesis. Archived from the original (PDF) on 26 September 2016. Retrieved 25 September 2016.
- ↑ Ee Ann Nee (27 November 2013). "Investors cry foul over Karambunai's project". The Sun. Retrieved 25 September 2016.
- ↑ "Karambunai: Villas well-kept, investors trying to influence arbitration". The Malay Mail. 27 November 2013. Retrieved 25 September 2016.
- ↑ "Karambunai shareholders advised to reject takeover offer". The Star. 30 May 2016. Retrieved 25 September 2016.
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