CHHB

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OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR "THE COMPANY") - LOAN AGREEMENT : EXTENSION OF LOAN TENURE

COUNTRY HEIGHTS HOLDINGS BHD

Type Announcement
Subject OTHERS
Description
COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR "THE COMPANY")
- LOAN AGREEMENT : EXTENSION OF LOAN TENURE

Reference is made to the announcements dated 28 December 2010, 30 December 2010, 19 December 2011, 9 December 2013, 22 December 2015, 22 December 2016, 22 December 2017, 24 January 2019, 21 January 2020 and 22 January 2020 (Amended Announcement) in relation to the loan from Tan Sri Lee Kim Tiong @ Lee Kim Yew (the "Lender").

 

The Board of Directors of CHHB (the “Board”) wishes to inform that an extension of 45 days has been granted by the Lender to facilitate negotiations for the repayment of the outstanding loan balance of RM92,846,895.65 that was due on 21 January 2020.

 

The original agreement was entered into between the Company and the Lender on 22 December 2010 and involves an unsecured interest-free loan that has been extended with similar terms over the last ten years.

 

The Board is confident of arriving at an amicable solution with the Lender, and will make such further announcements in due course.

 

This announcement is dated 22 January 2020.






Announcement Info

Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 22 Jan 2020
Category General Announcement for PLC
Reference Number GA1-22012020-00120