Country Heights boss selling private assets


Tan Sri Lee Kim Yew

PROPERTY tycoon and businessman Tan Sri Lee Kim Yew of Country Heights Holdings Bhd who is making a comeback is seeking to sell his plantation assets, which includes the oil palm estates previously under the Country Heights Growers Scheme (CHGS), for an estimated RM400mil, say sources.

Lee paid RM215.5mil to fully terminate the country’s first oil palm farm sharing scheme last August. This excludes a goodwill of RM25mil.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , Country Heights

   

Next In Business News

FBM KLCI rises as reporting period in full swing
Ringgit opens higher against greenback as DXY retreats
Trading ideas: SkyWorld, Icon, Top Glove, Chin Hin, PIC, Solarvest, Lagenda, MNRB, Affin, Allianz
Dicey days for chip makers
Google, Microsoft hail country’s AI approach
Step back and watch
Bull waits for liquidity to return
CPO futures set to trade with bullish bias this week
Sarawak targets more floating solar for its hydroelectric dams
Bursa M’sia expected to trade between 1,600 to 1,610

Others Also Read