Country Heights CEO resigns after failing to restructure debts

KUALA LUMPUR (Sept 18): Country Heights Holdings Bhd group chief executive officer (CEO) Datuk Low Kok Thai has resigned, just six months after being appointed to the post.

The resignation, effective yesterday, is “due to his unsuccessful efforts in assisting Country Heights and its group of companies in restructuring debts after exhausting all avenues with local financial institutions”, the group said in a filing with Bursa Malaysia.

Low, 49, was appointed CEO on March 15. Country Heights’ share price closed unchanged at RM1.32 yesterday, with a market capitalisation of RM361.1 million.

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