Nexus Resort & Spa, Karambunai

Nexus Resort & Spa
General information
Location Sabah
Town or city Karambunai in Kota Kinabalu metropolitan
Country Malaysia
Opened 1997
Other information
Number of rooms 485
Website
www.nexusresort.com

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

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

  1. ↑ "Nexus is getting back on course". Daily Express. 2 May 2015. Retrieved 25 September 2016.
  2. ↑ "FACB to increase focus on tourism activities". New Straits Times. 29 September 1999. Retrieved 25 September 2016.
  3. ↑ "Nexus Resort Karambunai" (PDF). Allied Telesis. Archived from the original (PDF) on 26 September 2016. Retrieved 25 September 2016.
  4. ↑ Ee Ann Nee (27 November 2013). "Investors cry foul over Karambunai's project". The Sun. Retrieved 25 September 2016.
  5. ↑ "Karambunai: Villas well-kept, investors trying to influence arbitration". The Malay Mail. 27 November 2013. Retrieved 25 September 2016.
  6. ↑ "Karambunai shareholders advised to reject takeover offer". The Star. 30 May 2016. Retrieved 25 September 2016.

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