Article: Diversification takes firm to new heights


New Straits Times
12-02-2008
Diversification takes firm to new heights
Edition: Main/Lifestyle
Section: Business Times
Type: Company

KARAMBUNAI Corp Bhd (KCB) has come a long way from its days as a manufacturer of air-conditioners and refrigerators.

Incorporated in 1965 as Electrical and Allied Industries Ltd, the company was listed on the main board of Bursa Malaysia Securities Bhd on July 4 1967.
It changed its name to First Allied Corp Bhd on November 1 1983.

In 1984, the company made a decision which would change its entire corporate future, when it diversified into other sectors.

The company announced that it would go into the leisure and tourism market as well as property and ...

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