News about Country Heights

DONE DEAL: Condo unit, Park Regent, Desa ParkCity, Kuala Lumpur DONE DEAL: Condo unit, Amaya Saujana, Saujana, Shah Alam, Selangor When you hear of Country Heights, you think of premium prices and large bungalows.

"CHHB stands firm in protecting its reputation and warns other parties considering similar legal actions to refrain from making baseless claims," the group said in a statement on Thursday.

“As a public-listed company, Country Heights remains fully committed to upholding the highest standards of corporate governance, transparency, and financial responsibility.

Country Heights, in a statement issued to Bursa Malaysia last month, said the petition arises from the company’s failure to settle a sum of RM425,060 that arose from the legal service provided for the corporate exercise that had been aborted since it had taken too long to be completed.

"The Country Heights Group has faith and trust in the administration of the OR, and we have already deposited 10% of the total PoD as of February 2024, amounting to RM 380,000 while waiting for the final admission of PoD.

The property developer said it has authorised its chairman Tan Sri Mohd Anwar Mohd Nor to seek international tender submissions in US dollars, with Malaysian participation also welcomed, at the exchange rate of RM4.

The job scope involves the development of two blocks of serviced apartments, one podium block comprising parking lots and facilities, as well as a guard house in Tropicana Metropark, Country Heights.

“For the first time in 40 years, the group has missed the deadline as required by Bursa Malaysia.

Country Heights said MBSB is seeking the High Court's approval to sell the two pieces of land, which are charged to MBSB by the property developer's  indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd (MWBP) and Mines International Exhibition Centre Sdn Bhd (MIEC).

The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property developer said in a statement.