Having missed the Feb 29, 2024 deadline to release its fourth quarter ended Dec 31, 2023 (4QFY2023) results, Country Heights Holdings Bhd (CHHB) is likely to be slapped with a trading suspension.
“The company wishes to announce that the fourth quarterly results for 2023 is delayed as the Malaysian Department of Insolvency is still in the midst of verifying the claims amount between the creditors and Mines Waterfront Business Park Sdn Bhd (MWBP), an indirect wholly-owned subsidiary of the company that is in liquidation, due to non-substantiated claims. The management is also in the midst of negotiation with a bank on the defaulted loan,” CHHB said in a bourse filing on Monday, adding it is addressing the challenges and targets to announce its 4QFY2023 results this month.
TheEdge01 Mar, 2024 16:32pm - 3 weeks