News about Lee Kim Yew

Country Heights attributed the default to differences in cash flow timing due to delays in client payments, resulting in a temporary cash flow constraint.

The group said it is in talks with the liquidator and MBSB Bank to resolve the default amicably, adding that it is working towards the settlement of the liquidation.

In a press conference on Thursday (April 13), Lee -- who is property developer Country Heights Holdings Bhd's founder and largest shareholder -- said the issue was escalated by Patrick Healy, a former officer of US-based Club Excellence Inc which had already been wound up.

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.

According to Country Heights' Bursa Malaysia filings, Lee has resigned to cater to a change of management for the group’s transformation.

This leaves Lee with a 26.

KUALA LUMPUR (Oct 7): Country Heights Holdings Bhd has entered into five heads of agreements (HoAs) to acquire assets from its executive chairman and controlling shareholder Tan Sri Lee Kim Yew’s private investment holdings.

KUALA LUMPUR (Oct 3): Country Heights Holdings Bhd (CHHB) founder Tan Sri Lee Kim Yew recently announced that he wants to focus on the blockchain and cryptocurrency space.

KUALA LUMPUR (March 29): Country Heights Holdings Bhd founder Tan Sri Lee Kim Yew has chartered a plane to transport up to 1.