Country Heights Unit's Land Set for MYR55 Million Judicial Auction

MT Newswires09-10

Country Heights (KLSE:CHHB) said its unit Country Heights Commercial Development's 6.4‑acre freehold land parcel will be auctioned on Sept. 21 at a reserve price of 55 million ringgit, according to a Thursday Bursa Malaysia filing.

The auction follows enforcement action by creditor CGS International Capital Singapore, the filing said.

The plot was pledged as security for a SG$11.5 million term loan to the parent company, with the High Court ordering its sale by public auction after enforcement proceedings.

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