https://www.thestar.com.my/business/business-news/2024/01/11/property-making-a-comeback

Tan said the southern region of Malaysia holds significant promise for real estate growth in 2024.

KUALA LUMPUR: The property sector may be on its way to a meaningful recovery after a decade of being in the doldrums, says a property valuer.

CBRE | WTW group managing director Tan Ka Leong said a recovery is supported by increasing foreign interest and with the overhang situation set to further improve.

KUALA LUMPUR: Country Heights Holdings Bhd has appointed Ricky Yip Chun Man as its new acting managing director from Dec 1, 2023.

The announcement follows the recent stepping down of Datuk Mircle Yap Ching Chai from the position of managing director, and his appointment as a non-independent non-executive director of the group, said the company in a statement.

Yip had been serving as deputy managing director for the group, and he was the executive director of Palace of the Golden Horses.

He is currently the managing director of GHHS Healthcare, GHHS Chinese Medicine Centre, and GHHS Wellness & Spa.

"My focus will be on leveraging our strengths in the real-estate sector while embracing digital transformation to ensure we remain at the forefront of the industry.

"I am committed to upholding our motto ‘Ever Searching for a Better Living’ and to driving CHHB towards achieving new milestones in the years to come,” said Yip.

Short qty 225000.. Dah mula dah

Aax price unchanged :)

Country Heights Holdings Berhad (CHHB) is a Malaysian company that operates in various segments, such as property development, property investment, hospitality, and health⁴. Some of the properties that CHHB owns or has acquired are:

- **Mines Beach Suite**: A luxury beachfront resort in Kuantan, Pahang, with 1,000 units and a gross development value (GDV) of RM600 million³.
- **Jitra Housing Project**: A residential project in Jitra, Kedah, with 2,000 units and a GDV of RM200 million³.
- **Cyberlake Heights**: A mixed-use development in Cyberjaya, Selangor, with residential, commercial, retail, and hotel components and a GDV of RM60 million³.
- **Pajam Industrial Hub**: A logistics park in Pajam, Negeri Sembilan, with 1.5 million square feet of land and a GDV of RM60 million³.
- **Castlepark Sdn Bhd**: A parcel of land in Kajang, Selangor, measuring 2.82 acres and valued at RM21 million⁵.
- **Mines Resort Sdn Bhd**: A portion of a leasehold land in Petaling Jaya, Selangor, measuring 4.325 acres and valued at RM73 million⁵.

These are some of the properties that CHHB has listed on its website² or has announced to acquire recently. You can also visit their official website¹ for more information about their core business segments and other projects. I hope this helps you. 😊

SEPANG: Capital A Bhd's AirAsia expects to operate all 191 of its Airbus A320 aircraft in the first quarter of 2024 as it ramps up capacity to meet the growing air travel demand.

The company's chief executive officer (CEO) Tan Sri Tony Fernandes said currently AirAsia is operating 166 aircraft while the balance are undergoing maintenance checks before being put into operations.

"1Q24 we hope to put all the planes back," he told a media briefing here today adding that AirAsia was expected to resume taking delivery of its Airbus A321 by June this year following a three-year pause due to the Covid-19 pandemic.

AirAsia had received four of the A321s in 2019.

In October 2021, Capital A announced that it had signed an amendment agreement with Airbus S.A.S, a European airplane manufacturer, to convert its remaining A320 aircraft orders to the A321 neo (new engine options).

The budget carrier has a total order of 362 of the single-aisle aircraft which can seat 236 passengers.

Fernandes also announced the appointment of AirAsia Aviation Group's two deputy CEO as the airline company embarks on its next phase of growth.

The two deputy CEOs are Datuk Captain Chester Voo who will lead the airline operations and Farouk Kamal who will be oversee corporate functions such as finance, corporate finance, aircraft leasing, legal, investor relations and strategy.

AirAsia Aviation Group group CEO Bo Lingam said the leadership appointments show a significant milestone in the airline's evolution, steering AirAsia through an era of digital transformation, innovation and sustainable growth.

"Both of their combined efforts will allow us to continue our dedicated focus on our strategic decision-making, long-term planning, and overall organisational direction for the group," he added.

Voo has nearly three decades of experience in the aviation industry, 11 of which was with AirAsia.

He was also the former CEO of Civil Aviation Authority of Malaysia from June 2020 until December 2022.

He is credited with spearheading efforts to lift Malaysia out of the Category 2 rating of the International Aviation Safety Assessment by the United States Federal Aviation Administration to Category 1 rating in 2022.

Farouk, who is formerly a board member of AirAsia X Bhd, joined AirAsia Aviation Group from Urusharta Jamaah, a government-linked investment company where he served as CEO and chief investment officer.

He also worked in investment banking with Deutsche Bank, J.P. Morgan and Credit Suisse.

New Straits Times
https://www.nst.com.my › 2023/11
Full recovery of Malaysia's airline passenger traffic in 2024: Transport ...
1 Nov 2023 — SEPANG: Malaysia expects a full recovery in airline passenger traffic by 2024 as the quarterly records have shown

It’s important to note that net worth can fluctuate depending on various factors such as market conditions, changes in business ventures, and personal investments. Therefore, his current net worth may be different from what was reported in 2019.

Lee’s success in the property development industry and his entrepreneurial ventures are widely acknowledged. He has played a significant role in shaping the industry and his visionary approach to business has earned him numerous accolades and awards. Despite his financial success, Lee has also been actively involved in philanthropy, supporting various causes and initiatives in Malaysia.

In conclusion, Lee Kim Yew is a remarkable individual who has left an indelible mark on Malaysia’s property development industry. His entrepreneurial spirit, business acumen, and philanthropic endeavors have made him a role model for many aspiring entrepreneurs and business leaders.

Lee Kim Yew Net Worth: How Much Is Lee Kim Yew Worth?
According to Forbes’ 2019 list of Malaysia’s 50 Richest, Lee Kim Yew had a net worth of US$170 million, making him the 38th richest person in Malaysia at that time.

After a long and illustrious career, Lee recently decided to step down as the chairman of Country Heights Holdings Berhad in 2023. However, he remains involved in the group as an advisor, sharing his wealth of experience and expertise with the company.

Over the years, Lee has worked on various sites around the world, including North Borneo, Mauritius, Johannesburg, and London. Some of his earliest work includes turning an abandoned rubber estate into residences with quality landscaping and transforming an open-cast mining land into the Mines Wellness City, a premier wellness destination in Malaysia.

Lee’s commitment to quality and innovation is reflected in his other notable projects, such as the Borneo Highlands Resort and the Hornbill Golf & Jungle Club in Sarawak. In 2008, the latter won the coveted CNBC Award for Best Golf Development Malaysia, a testament to Lee’s vision and leadership.

Malaysia's tourism industry is expected to surpass pre-pandemic levels for international tourist arrivals in 2024. Tourism arrivals in 2024 are expected to be higher than the 26.1 million foreign visitors seen in 2019.
Domestic tourism is also expected to grow in 2024. Affin Group expects 4.5% GDP growth for Malaysia in 2024.
The World Tourism Organization (UNWTO) predicts that local gastronomy, nature, wellness, and rural tourism experiences will be popular travel trends in 2024.

Lee Kim Yew Net Worth: How Much Is Lee Kim Yew Worth? – Lee Kim Yew is a well-known Malaysian entrepreneur, businessman, and philanthropist who has made significant contributions to the country’s property development sector.

Born on August 19, 1955, Lee Kim Yew began his journey in the industry in 1985 when he founded Country Heights Holdings Berhad. His pioneering vision for country-living concept in property development has since transformed the landscape of Malaysia.

As the founder and chairman of Country Heights Holdings Berhad, Lee has spearheaded many notable projects that have made a significant impact in the industry. One such project is the Palace of the Golden Horses, an iconic hotel that has won numerous awards and accolades. Lee’s leadership has also led to the establishment of The Mines and GHHS Healthcare, which are landmarks in their own right.

Lee Kim Yew (born 19 August 1955) is a Malaysian entrepreneur, businessman and philanthropist. He was the founder and chairman of Country Heights Holdings Berhad[1] and was among the first to venture into property development with country-living concept. Under Country Heights Holdings Berhad, he established various projects such as the Palace of the Golden Horses, The Mines and GHHS Healthcare.

Yang Berbahagia Tan Sri
Lee Kim Yew

Born
19 August 1955 (age 68)
Johor, Malaysia
Occupation
Entrepreneur
Businessman Investor

Philanthropist
Years active
1955 - present
Known for
The Mines Resort & Golf Club
Country Heights Holdings Berhad

Palace of The Golden Horses Golden Touch Investment Bank

L1 Bank
Title
Advisor of Country Heights Holdings Berhad
Founder of the World Chinese Economic Forum Patron and Founder of The Global Chinese Economic &Technology Summit Patron of the Malaysia Entrepreneurs' Development Association

Patron of Malaysia Association for Advancement of Functional and Interdisciplinary Medicine
Spouse
Puan Sri Tan Bee Hong
Website
https://leekimyew.com
In early 2023, the Shah Alam High Court declared him to be bankrupt.[2] Subsequently, he stepped down [3] as the chairman of Country Heights Holdings Berhad, and has since become an advisor for the group.[4]

KUALA LUMPUR (Jan 9): Capital A Bhd's plan to sell its aviation business to its sister company AirAsia X Bhd (AAX) is seen as positive by analysts, despite a lack of details on the deal currently, as the disposal will pave the way for the group to exit its Practice Note (PN17) status.

Capital A on Monday announced that it will dispose of its aviation businesses, namely AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAGL), to AAX, with the consideration to be negotiated at a later date, in both cash and/or shares.

The deal, which is part of the group’s consolidation plan, would involve Capital A divesting all of its short-haul airline businesses in Malaysia, Thailand, Indonesia, and the Philippines to AAX, which currently operates only mid-haul flights.

“From the risk perspective, we are positive as we deem the disposals are necessary to uplift Capital A from its PN17 status or risk triggering a trading suspension,” said TA Securities in a note on Tuesday (Jan 9).

TA Securities noted that Capital A’s shareholders will continue to hold shares in the aviation segment via AAX as Capital A is expected to record a gain on dilution of interest in AAB and AAGL, as well as the deconsolidation of these two entities from Capital A as a result of the proposed disposals.


“Thereby [it] is expected to improve the shareholders’ equity of the group in its effort to regularise its financial conditions,” it said.

The research house maintained Capital A’s earnings projections and financial standing, pending the signing of a definite agreement and negotiations on the disposal considerations.

“We advise investors to stay out of Capital A’s restructuring exercise until more clarity on the AAX share entitlement [emerges], which would depend on the price-fixing of new AAX consideration shares and the final disposal considerations,” it added.

The definite agreement is subject to shareholders approving the proposed disposals and other corporate exercises, such as a potential distribution-in-specie of part of the consideration shares to Capital A's shareholders, among others, said TA Securities.


Capital A may experience potential earnings leakage from airline biz sale
Meanwhile, Kenanga Research, which also maintained its forecast on Capital A, said the disposal is expected to result in greater clarity of investment between Capital A — being the aviation services and digital businesses provider — and AAX, a pure aviation business consolidating both long- and short-haul routes under the AirAsia brand name.

“This would result in the development of a more focused shareholder base, which is also expected to facilitate a business-centric valuation of the separate entities and potentially unlock value for shareholders. Once the sale is completed, Capital A will focus on four businesses, namely Teleport, Santan, BigPay, and Asia Digital Engineering Sdn Bhd," it said.

However, Kenanga opined that there could be potential earnings leakage or losses to Capital A from revenue and profit contributions following the sale of its airline business to AAX.


While being mindful of Capital A's PN17 status, the research house said it continues to like Capital A for being a beneficiary of the recovery in air travel post-pandemic, its growing digital business, leveraging its strong AirAsia brand and AirAsia’s existing client base, as well as its dynamic and visionary leadership that should help steer it out of the current financial difficulty.

At the time of writing, Capital A shares were down 2.5 sen or 2.96% at 82 sen, with a market capitalisation of RM3.49 billion. Meanwhile, AAX was one sen or 0.51% higher at RM1.97, valuing the group at RM880.73 million.

Read also:
AirAsia-AAX merger to involve Thai ops, Tony to meet Thai PM on Wednesday to address airline foreign ownership cap

Chhb must monetise or sell off some assets like wanda china

LKY will do the same, fingers crossed :)

China
Dalian Wanda Group, has sold its luxury hotel in Shanghai to Indonesian billionaire Sukanto Tanoto as it looks to avert a liquidity crisis. The acquisition price was undisclosed, however, according to the market sources, the deal price of the transaction was between RMB 1.4-1.7bn ($204-234mn).6 days ago
https://bondblox.com › news › dalia...
Dalian Wanda Sells Shanghai Luxury Hotel to Boost Liquidity - BondbloX

Capital A said the disposal of its airline business to AAX was aimed at enhancing operational efficiency and better cater to the overall market demands.

PETALING JAYA: Capital A Bhd’s move to dispose of its airline business to sister company AirAsia X Bhd (AAX) is seen as a positive development to help the former uplift itself from its Practice Note 17 status, or risk triggering a trading suspension.

However, TA Research is not turning positive on Capital A yet as the market awaits more details on the deal.

The research house, which maintained its “sell” call on the company with a target price of 85 sen, advised investors to “stay out” of Capital A’s restructuring exercise until they have clarity on the AAX share entitlement, which would depend on the price fixing of new AAX consideration shares and the final disposal considerations.

TA Research said Capital A’s shareholders are expected to continue to hold shares in the aviation segment via AAX.

According to the company announcement, Capital A is expected to record a gain on dilution of interest in AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL), as well as deconsolidation of AAB and AAAGL from Capital A as a result of the proposed disposals.

The market did not perceive the exercise in a positive light, judging from the 2.96% decline in Capital A’s share price to 82 sen, while AAX fell 1.02% to RM1.94 at the close of the first trading session.

Capital A announced yesterday that the disposal of its airline business to AAX was aimed at enhancing operational efficiency and better cater to the overall market demands.

Chief executive officer Tan Sri Tony Fernandes said the move was part of a comprehensive consolidation plan to transfer all short-haul businesses in Malaysia, Thailand, Indonesia, the Philippines and Cambodia to its mid-haul budget carrier AAX.

The disposal consideration is expected to be satisfied by a combination of cash and issuance of new shares of AAX. A detailed announcement on the proposed disposal will be made upon the signing of a definitive agreement.

Meanwhile, Kenanga Research, which has a “market perform” call on Capital A, has maintained its earnings forecast with a target price of 84 sen for the group.

“Essentially, the exercise is expected to result in greater clarity of investment between Capital A, being the aviation services and digital businesses provider; and AAX, a pure aviation business consolidating both long and short-haul routes under the AirAsia brand name.

This would result in the development of a more focused shareholder base, which is also expected to facilitate a business-centric valuation of the separate entities and potentially unlock value to shareholders.

“Once the sale is completed, Capital A will focus on four businesses, namely, Teleport, Santan, BigPay and Asia Digital Engineering Sdn Bhd,” the research house said.

In November 2023, Capital A proposed the listing of a unit, which is the licensee of the AirAsia brand, via a special-purpose acquisition company on Nasdaq at US$1bil (RM4.77bil) valuation.

Kenanga Research said based on its financial year 2024 net profit of RM250mil for Capital A’s airlines business and applying low-cost carriers’ peer one-year forward price earnings ratio of between seven times and 14 times, the indicative valuation works out to between RM1.8bil and RM3.5bil.

Based on an indicative valuation of RM3.5bil, its sum-of-parts target price is expected to be raised by 28% from 84 sen per share to RM1.08 per share. The research house said there could be potential earnings leakages or losses to the group from revenue and profit contribution following the sale of its airlines business to AAX.

Save Print Back

5099 CAPITALA CAPITAL A BERHAD
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")LETTER OF OFFER FOR THE PROPOSED
DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD, A
WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("AAB) ("PROPOSED AAB DISPOSAL") AND ITS
100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL"), A
WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED AAAGL DISPOSAL") TO AIRASIA X
BERHAD ("AAX") ("LETTER OF OFFER")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

08/01/2024 07:00 AM


Ref Code: 202401083000035

Capital A Bhd, the largest low-cost carrier in Asia, is also expected to post its first full-year profit since the pandemic started. For the nine months ended Sept 30, 2023, it recorded a net profit of RM996.55 million compared with a net loss of RM2.74 billion a year earlier.

The budget carrier recently proposed the listing of a unit, which is the licensee of the AirAsia brand, via a special purpose acquisition company (SPAC), on Nasdaq in the US at a US$1 billion (RM4.77 billion) valuation. Capital A has entered into a letter of intent with Aetherium Acquisition Corp (GMFI) for the proposed business merger. In a Nov 2 report, Kenanga Research said it is positive on this corporate development by Capital A, which will form part of the proposed regularisation plan to lift the carrier out of the PN17 status. Both parties intend to complete the negotiation three months from the execution of the letter of intent.

Risk vs return, timing to go in? :)

ESG 2.0: commendable long term targets
During the COVID-19 pandemic, it is understandable that CAPITALA was preoccupied with surviving. Yet, our read of its FY22A sustainability report was refreshing. There is room to improve especially on its net promoter score and female representation on its BOD but we note that CAPITALA has set ambitious ESG related targets (see page 4) which exhibits its commitment to ESG initiatives. CAPITALA scores marginally above-average in our proprietary scoring methodology with an overall score of 59/100.

Hartanah ada harga , sesuatu yg nyata unlike crypto, tiada elektrik, apa pun takda :)

Chhb ada real estate bukan crypto haha

Baru2 ni, ada jutawan indon beli asset china developer kat china... Apa2 pun boleh berlaku... Isu hanya satu, harga jualan

Banyak developers kat china juga jual asset untuk menurunkan total hutang.

Dulu ada pihak kata sultan brunei mau beli resorts chhb punya resort kat seri kembangan.

Nta ~rm2.39 sesaham. Belum revalued lagi.

Pasti ada jalan, Lubang keluar

Cap A punya directors kena fair pasal harga jualan airlines biz cap A kpd AAx. Masuk jel jika ada fraud.

Jadi, fair price akan muncul kelak... Tawaran harga dari AAX dalam masa terdekat

Buy cap A gets Aax shares pulak... Interesting proposal:) study well

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
COUNTRY HEIGHTS HOLDINGS BHD

Particulars of substantial Securities Holder
Name TAN SRI LEE KIM TIONG @ LEE KIM YEW
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 29 Dec 2023
13,279,810
Disposed Indirect Interest
Name of registered holder Affin Hwang Nominees (Tempatan) Sdn. Bhd.- HDM Capital Sdn Bhd for Country Heights International S/B
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of ordinary shares by Country Heights International Sdn. Bhd. via direct business transaction.
Nature of interest Direct and Indirect Interest
Direct (units) 77,766,389
Direct (%) 26.207
Indirect/deemed interest (units) 57,878,121
Indirect/deemed interest (%) 19.505
Total no of securities after change 135,644,510
Date of notice 02 Jan 2024
Date notice received by Listed Issuer 02 Jan 2024


Remarks :
1. Total number of ordinary shares : 296,738,903 (excluding 3,250,000 treasury shares).
2. Country Heights International Sdn. Bhd. (CHISB) is a major shareholder of Country Heights Holdings Berhad and Tan Sri Lee Kim Tiong @ Lee Kim Yew and Puan Sri Tan Bee Hong are major shareholders of CHISB.

Announcement Info
Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 02 Jan 2024
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-02012024-00059

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
COUNTRY HEIGHTS HOLDINGS BHD

Particulars of substantial Securities Holder
Name PUAN SRI TAN BEE HONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 29 Dec 2023
13,279,810
Disposed Indirect Interest
Name of registered holder Affin Hwang Nominees (Tempatan) Sdn. Bhd.- HDM Capital Sdn Bhd for Country Heights International S/B
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of ordinary shares by Country Heights International Sdn. Bhd. via direct business transaction.
Nature of interest Direct and Indirect Interest
Direct (units) 1,000,000
Direct (%) 0.337
Indirect/deemed interest (units) 134,644,510
Indirect/deemed interest (%) 45.375
Total no of securities after change 135,644,510
Date of notice 02 Jan 2024
Date notice received by Listed Issuer 02 Jan 2024


Remarks :
1.Total number of ordinary shares : 296,738,903 (excluding 3,250,000 treasury shares).
2. Country Heights International Sdn. Bhd. (CHISB) is a major shareholder of Country Heights Holdings Berhad and Tan Sri Lee Kim Tiong @ Lee Kim Yew and Puan Sri Tan Bee Hong are major shareholders of CHISB

Announcement Info
Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 02 Jan 2024
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-02012024-00056

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
COUNTRY HEIGHTS HOLDINGS BHD

Particulars of substantial Securities Holder
Name TAN SRI LEE KIM TIONG @ LEE KIM YEW
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 28 Dec 2023
2,500,000
Disposed Indirect Interest
Name of registered holder Affin Hwang Nominees (Tempatan) Sdn. Bhd.- HDM Capital Sdn Bhd for Country Heights International S/B
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of ordinary shares by Country Heights International Sdn. Bhd. via direct business transaction
Nature of interest Direct and Indirect Interest
Direct (units) 77,766,389
Direct (%) 26.207
Indirect/deemed interest (units) 71,157,931
Indirect/deemed interest (%) 23.98
Total no of securities after change 148,924,320
Date of notice 02 Jan 2024
Date notice received by Listed Issuer 02 Jan 2024


Remarks :
1. Total number of ordinary shares : 296,738,903 (excluding 3,250,000 treasury shares).
2. Country Heights International Sdn. Bhd. (CHISB) is a major shareholder of Country Heights Holdings Berhad and Tan Sri Lee Kim Tiong @ Lee Kim Yew and Puan Sri Tan Bee Hong are major shareholders of CHISB.

Announcement Info
Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 02 Jan 2024
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-02012024-00049

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
COUNTRY HEIGHTS HOLDINGS BHD

Particulars of substantial Securities Holder
Name PUAN SRI TAN BEE HONG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 28 Dec 2023
2,500,000
Disposed Indirect Interest
Name of registered holder Affin Hwang Nominees (Tempatan) Sdn. Bhd.- HDM Capital Sdn Bhd for Country Heights International S/B
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of ordinary shares by Country Heights International Sdn. Bhd. via direct business transaction.
Nature of interest Direct and Indirect Interest
Direct (units) 1,000,000
Direct (%) 0.337
Indirect/deemed interest (units) 147,924,320
Indirect/deemed interest (%) 49.85
Total no of securities after change 148,924,320
Date of notice 02 Jan 2024
Date notice received by Listed Issuer 02 Jan 2024


Remarks :
1. Total number of ordinary shares : 296,738,903 (excluding 3,250,000 treasury shares).
2. Country Heights International Sdn. Bhd. (CHISB) is a major shareholder of Country Heights Holdings Berhad and Tan Sri Lee Kim Tiong @ Lee Kim Yew and Puan Sri Tan Bee Hong are major shareholders of CHISB.

Announcement Info
Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 02 Jan 2024
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-02012024-00017

Preparing for new investors to join, etc.

Notice of Person Ceasing (Section 139 of CA 2016)
COUNTRY HEIGHTS HOLDINGS BHD
Particulars of Substantial Securities Holder
Name COUNTRY HEIGHTS INTERNATIONAL SDN. BHD.
Address 10th Floor, Block A, The Mines Waterfront Business Park,
No. 3, Jalan Tasik, The Mines Resort City,
Seri Kembangan
43300 Selangor
Malaysia.
Company No. 199201005154 (236658-D)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Name of registered holder Affin Hwang Nominees (Tempatan) Sdn. Bhd.- HDM Capital Sdn Bhd for Country Heights International S/B
Address of registered holder No. 1 , Lintang Pekan Baru, Off Jalan Meru, 41050 Klang, Selangor
Date of cessation 29 Dec 2023
No of securities disposed 13,279,810
Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares via direct business transaction.
Nature of interest Direct Interest

Date of notice 02 Jan 2024
Date notice received by Listed Issuer 02 Jan 2024


Announcement Info
Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 02 Jan 2024
Category Notice of Person Ceasing To Be Substantial Shareholder Pursuant to Section 139 of CA 2016
Reference Number CS3-02012024-00001

Nilai asset sesaham~rm2.39... Beli kini macam harga besi buruk

Chhb dijangka akan naik jika pembeli asset dah muktamad

Lky sedang jualkan Sebahagian syernya kpd pelabur baru. Pelsbur baru dijangka akan membeli aset drp chhb.

Lee kim yew sangat p@kai dah... tunggu penyelamat kini je.... karma besar hahaha dulu bersubahat dengan mamakthir kan?

Tuesday, 2 Jan 2024
7:00PM
CHHB LEE KIM TIONG @ LEE KIM YEW (2,500,000 units Disposed)
7:00PM
CHHB TAN BEE HONG (2,500,000 units Disposed)
7:00PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (13,279,810 units Disposed)
7:00PM
CHHB LEE KIM TIONG @ LEE KIM YEW (13,279,810 units Disposed)
7:00PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (2,500,000 units Disposed)
7:00PM
CHHB TAN BEE HONG (13,279,810 units Disposed)
Thursday, 28 Dec 2023
6:11PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (4,500,000 units Disposed)
6:11PM
CHHB LEE KIM TIONG @ LEE KIM YEW (4,500,000 units Disposed)
6:11PM
CHHB TAN BEE HONG (4,500,000 units Disposed)
Tuesday, 26 Dec 2023
5:43PM
CHHB LEE KIM TIONG @ LEE KIM YEW (100,000 units Disposed)
5:43PM
CHHB TAN BEE HONG (100,000 units Disposed)
5:43PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (100,000 units Disposed)
Friday, 22 Dec 2023
5:25PM
CHHB LIM CHOW SEN @ LIM CHOW SOON (14,500,000 units Disposed)


Tuesday, 2 Jan 2024
7:00PM
CHHB LEE KIM TIONG @ LEE KIM YEW (2,500,000 units Disposed)
7:00PM
CHHB TAN BEE HONG (2,500,000 units Disposed)
7:00PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (13,279,810 units Disposed)
7:00PM
CHHB LEE KIM TIONG @ LEE KIM YEW (13,279,810 units Disposed)
7:00PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (2,500,000 units Disposed)
7:00PM
CHHB TAN BEE HONG (13,279,810 units Disposed)
Thursday, 28 Dec 2023
6:11PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (4,500,000 units Disposed)
6:11PM
CHHB LEE KIM TIONG @ LEE KIM YEW (4,500,000 units Disposed)
6:11PM
CHHB TAN BEE HONG (4,500,000 units Disposed)
Tuesday, 26 Dec 2023
5:43PM
CHHB LEE KIM TIONG @ LEE KIM YEW (100,000 units Disposed)
5:43PM
CHHB TAN BEE HONG (100,000 units Disposed)
5:43PM
CHHB COUNTRY HEIGHTS INTERNATIONAL SDN. BHD. (100,000 units Disposed)
Friday, 22 Dec 2023
5:25PM
CHHB LIM CHOW SEN @ LIM CHOW SOON (14,500,000 units Disposed)

https://www.thestar.com.my/business/business-news/2024/01/08/trading-volume-soars-as-foreign-investors-flock-to-bursa-equities

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https://www.thestar.com.my/business/business-news/2024/01/08/trading-volume-soars-as-foreign-investors-flock-to-bursa-equities

Chhb needs to sell assets lik this, https://www.nst.com.my/business/corporate/2024/01/997349/amanahraya-reit-completes-rm145mil-sale-holiday-villa-resort

Murray Hunter is giving away his e-book *"Malaysia's Deep Corruption: the Malaysian Deep State"*.

According to James Chin, "You should be very fearful after reading this".

https://pdfhost.io/v/u9tJdkqCS_Malaysia_Deep_Corruption_Murray_Hunter

:)

Murray Hunter is giving away his e-book *"Malaysia's Deep Corruption: the Malaysian Deep State"*.

According to James Chin, "You should be very fearful after reading this".

https://pdfhost.io/v/u9tJdkqCS_Malaysia_Deep_Corruption_Murray_Hunter

PETALING JAYA: Prospects are bright for the property sector in the first half of 2024 (1H24), with key thematic catalysts set to propel growth.

Maybank Investment Bank Research (Maybank IB) said the Johor-Singapore Special Economic Zone (JSSEZ), Bayan Lepas light rail transit alignment, and the potential revival of the high-speed rail (HSR) project linking Kuala Lumpur to Singapore are set to drive market dynamics.

https://www.nst.com.my/property/2024/01/998531/property-sales-grow-between-10-15-cent-2024

kena cari pembeli untuk asetnya.. :)

ASSETS
Non-current assets
Property, plant and equipment 9 16,089 18,471
Right-of-use-assets 9 532,809 535,619
Investment properties 9 259,930 259,930
Inventories 23 127,933 127,835
Other investments 2,337 2,337
Trade receivables-non-current portion 7,607 2,241
Deferred tax assets 196 196
946,901 946,629
Current assets
Inventories 23 211,933 215,633
Trade and other receivables 33,595 37,501
Contract assets 44 44
Tax recoverable 629 633
Cash and bank balances 10,835 10,038
257,036 263,849

new ceo, kena buat kerja dengan kuat... tunggu balik rm2++ kejap nanti

a dark horse... maybe, ada revival... tourists kembali, resorts boleh hidup semula

Harga semasa macam harga jualan lelong... Grab je, lebih murah drp harga besi buruk

Jika pos dapat dijualkan, terus naik probably RM3-4 pun tak mustahil

Nta~rm4, harga semasa~ 1/3.. Grab untuk capital gain anytime