General Announcement

29/06/1999

(I) Proposed Disposal of RM50,000,000 nominal value of Irredeemable Convertible Unsecured Loan Stocks ("ICULS") in Sunrise Bhd to Tan Sri Lee Kim Yew ("Proposed Disposal") (II) Proposed Option Agreement for Tan Sri Lee Kim Yew to purchase the remainder of RM39,000,000 nominal value of ICULS in Sunrise Bhd ("Proposed Option Agreement") collectively referred to as the "Proposals"

COUNTRY HEIGHTS HOLDINGS BHD

TypeReply to query
Reply to Query Letter by KLSE reference ID9 c. 23(463)
Subject
(I) Proposed Disposal of RM50,000,000 nominal value of Irredeemable
Convertible Unsecured Loan Stocks ("ICULS") in Sunrise Bhd to
Tan Sri Lee Kim Yew ("Proposed Disposal")

(II) Proposed Option Agreement for Tan Sri Lee Kim Yew to purchase
the remainder of RM39,000,000 nominal value of ICULS in Sunrise
Bhd ("Proposed Option Agreement")

collectively referred to as the "Proposals"

Contents :

Further to our annoucements dated 16 June 1999 and 28 June 1999, the Board of Directors of Country Heights Holdings Berhad is of the opinion that the Proposals are in the best interest of the Company.

Announcement Info

Company NameCOUNTRY HEIGHTS HOLDINGS BHD  
Stock Name CHHB
Date Announced29 Jun 1999  
CategoryGeneral Announcement
Reference NoCH-990629-63168

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