Country Heights defaults on RM181m payment for Islamic financing facilities
KUALA LUMPUR (Aug 15): Country Heights Holdings Bhd, the property developer founded by tycoon Tan Sri Lee Kim Yew, has defaulted on the payment of Islamic term financing facilities totaling RM181.1 million provided by MBSB Bank Bhd. The default by the group’s indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd (MWBP) and Mines International…
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