According to Malaysia Department of Insolvency's website, e-insolvensi, the tycoon received the bankruptcy notice issued by the Shah Alam High Court on Jan 26 this year.
Country Heights announced the 68-year-old's resignation as the group's executive chairman on Feb 3, saying it was “to cater for change management for the transformation of the group.
“Maybank has rejected CHSR’s request for an extension of time to make the balance consideration payment, and the company is unable to comply with Chapter 10 of the Listing Requirements on related party transactions by the balance consideration payment deadline of March 15, 2023.
DONE DEAL: Bungalow, Bukit Tunku, Kuala Lumpur DONE DEAL: Industrial land, Pajam, Negeri Sembilan The property is nestled in the enclave of Country Heights which is also strategically located in the interchange of Kajang, Selangor.
According to Country Heights' Bursa Malaysia filings, Lee has resigned to cater to a change of management for the group’s transformation.
The property, known as The Heritage Tower @ Mines Wellness City, has a gross floor area of 29,886 sq metres and a net lettable area of about 14,167 sq metres.
DONE DEAL: Residential land at Taman Bukit Suria, Kajang, Selangor DONE DEAL: Office unit at Plaza Conlay, Kuala Lumpur This bungalow unit at Jalan Pelangi Pagi is located in the quiet and peaceful enclave of Country Heights Kajang (also known as The Beverly Hills of Malaysia), surrounded by lush greenery.
KUALA LUMPUR (June 1): Country Heights Holdings Bhd (CHHB) posted a net profit of RM2.
KUALA LUMPUR (Dec 21): Country Heights Holdings Bhd has announced changes to the asset injection exercise from executive chairman and controlling shareholder Tan Sri Lee Kim Yew's private investment holdings that was first announced in October.
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