A check with the Malaysia Department of Insolvency website, e-insolvensi, revealed that Lee had received the bankruptcy notice on Jan 26.
founder Tan Sri Lee Kim Yew has been declared bankrupt by the Shah Alam High Court.
However, when contacted by a local news portal, the 68-year-old said he had not filed for bankruptcy, and that he had been deemed bankrupt by a third party over a RM3mil legal suit.Lee, who is the largest shareholder of Country Heights with a 57.64% stake, resigned as executive chairman of the company on Feb 3.
A filing with Bursa Malaysia cited the reason for his resignation was"to cater for a change in management for the transformation of the group".
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Country Heights founder Lee Kim Yew declared bankruptPETALING JAYA, April 12 — Tan Sri Lee Kim Yew, founder and adviser of Country Heights Holdings Berhad (CHHB) has been declared bankrupt by the High Court. Free Malaysia Today...
Read more »
Ahli perniagaan terkenal Lee Kim Yew diisytihar bankrapAhli perniagaan terkenal Lee Kim Yew diisytihar bankrap FMTNews FMTBerita
Read more »
I didn’t file for bankruptcy, says businessman Lee Kim YewThe Country Heights Holdings Bhd founder says he has been declared bankrupt by a ‘particular party’ over a RM3 million suit.
Read more »
Birdwatching in Malaysia soars to greater heights, thanks to the pandemicAs Covid-19 made humans stay indoors, birds reclaimed their natural habitats, enchanting photographers and inspiring more people to take up birdwatching.
Read more »
Federation of Malaysian Manufacturers: Freezing of foreign workers’ applications will affect the country’s productivityKUALA LUMPUR, April 11 — The freezing of foreign workers’ applications would affect the country’s productivity and gross domestic products, the Federation of Malaysian...
Read more »