Here's what the Country Heights Holdings Bhd founder Tan Sri LeeKimYew 李金友 had to say after sources claimed he was bankrupt:
However, Malaysians received shocking news recently. Just yesterday , Tan Sri Lee Kim Yew was declared bankrupt! No further information was provided at the time regarding his bankruptcy. But, shortly after, the founder came forward to clarify the issue.The property tycoon had reportedly been declared bankrupt by the Shah Alam High Court on 26th January.
Notably enough, Tan Sri Lee Kim Yew had announced on 3rd February that he would be stepping down as the CHHB executive chairman. He had previously mentioned the move, claiming he wanted to focus more on his philanthropy and investment career. His son-in-law was allegedly slated to take over leading the group.CHHB reportedly had a net loss of RM68,291,000 at the end of last year, which is supposedly RM73,698,000 more than the previous year.
” The property tycoon then promised to reveal more details regarding the matter at a press conference around noon today . Tan Sri Lee Kim Yew’s investment holding company, CHHB, is well-known for developing the Mines Resort City in Seri Kembangan. The property tycoon also made headlines last year when he campaigned with former prime minister Tun Mahathir Mohamad for the Johor state polls.
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