General Announcement for PLC

16/12/2021

OTHERS ACQUISITION OF THE HERITAGE TOWERS @ THE MINES WELLNESS CITY BY COUNTRY HEIGHTS SEA RESORT SDN BHD, A WHOLLYOWNED SUBSIDIARY OF COUNTRY HEIGHTS HOLDING BERHAD THROUGH PUBLIC AUCTION FOR A TOTAL CASH CONSIDERATION OF RM60,000,000.00

COUNTRY HEIGHTS HOLDINGS BHD

Type Announcement
Subject OTHERS
Description 
ACQUISITION OF THE HERITAGE TOWERS @ THE MINES WELLNESS CITY BY COUNTRY HEIGHTS SEA RESORT SDN BHD, A WHOLLYOWNED SUBSIDIARY OF COUNTRY HEIGHTS HOLDING BERHAD THROUGH PUBLIC AUCTION FOR A TOTAL CASH CONSIDERATION OF RM60,000,000.00

The Board of Directors of Country Heights Holdings Berhad (“CHBB” or the “Company”) wishes to announce that Country Heights Sea Resort Sdn Bhd (“CHSRSB"), a wholly-owned subsidiary of the Company, has on 9 December 2021 entered into a Memorandum of Contract (the "Memorandum”) with the Ng Chan Mau & Co. Sdn. Bhd ("Licensed Auctioner") pursuant to the successful bid to acquire property held under HSD 316624, Lot PT 1258 (Formerly known as HSD 242005, PT 719 and HSD 185535, PT 384), mukim Pekan Baru Sungai Besi, Petaling, Selangor Darul Ehsan bearing postal address The Heritage Tower @ Mines Wellness City, Jalan SB Dagang, Mines Resort City, 43300 Seri Kembangan, Selangor Darul Ehsan (the “Property”) at a public auction for a total cash consideration of RM60,000,000.00 only (the “Acquisition”).

 

For further details, please refer attachment.

 

This announcement is dated 16 December 2021.



Please refer attachment below.

Attachments

Attachment - Auction.pdf
79.2 kB


Announcement Info

Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 16 Dec 2021
Category General Announcement for PLC
Reference Number GA1-14122021-00026


Related Announcements for CHHB
Date Title
08/08/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR THE "COMPANY") HEADS OF AGREEMENTS
08/06/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR "THE COMPANY") - NOTIFICATION ON CHANGE IN THE INTEREST OF DIRECTOR AND SUBSTANTIAL SHAREHOLDER, TAN SRI LEE KIM TIONG @ LEE KIM YEW
18/05/2022 Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
21/04/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR THE "COMPANY") PRIVATE PLACEMENT
08/04/2022 OTHERS ACQUISITION OF THE HERITAGE TOWERS @ THE MINES WELLNESS CITY BY COUNTRY HEIGHTS SEA RESORT SDN BHD, A WHOLLYOWNED SUBSIDIARY OF COUNTRY HEIGHTS HOLDING BERHAD THROUGH PUBLIC AUCTION FOR A TOTAL CASH CONSIDERATION OF RM60,000,000.00
08/04/2022 OTHERS SCHEME OF ARRANGEMENT UNDER SECTION 366(1) OF THE COMPANIES ACT 2016 (''ACT'') IN RESPECT OF GOLDEN HORSE PALACE BERHAD (''GHPB''), A SUBSIDIARY COMPANY OF CHHB
06/04/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MONEYLENDING AGREEMENT BETWEEN COUNTRY HEIGHTS HOLDINGS BERHAD AND GOLDEN TOUCH CAPITAL MANAGEMENT SDN BHD
18/02/2022 OTHERS SCHEME OF ARRANGEMENT UNDER SECTION 366(1) OF THE COMPANIES ACT 2016 (''ACT'') IN RESPECT OF GOLDEN HORSE PALACE BERHAD (''GHPB''), A SUBSIDIARY COMPANY OF CHHB
24/01/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD (CHHB OR THE COMPANY) EXPLANATORY STATEMENT TO SCHEME CREDITORS (PURSUANT TO SECTION 366(1) OF THE COMPANIES ACT, 2016) IN RELATION TO THE PROPOSED SCHEME OF ARRANGEMENT (UNDER SECTION 366 OF THE COMPANIES ACT, 2016) BETWEEN GOLDEN HORSE PALACE BERHAD (GHPB), A SUBSIDIARY COMPANY OF CHHB AND THE SCHEME CREDITORS
21/01/2022 COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB"), JIANKUN INTERNATIONAL BERHAD, TECHNA-X BERHAD, SERSOL BERHAD, MQ TECHNOLOGIES BERHAD ("CONSORTIUM") LED BY SMTRACK BERHAD ("INVESTOR") WILL ENTER INTO SIGNING OF HEADS OF AGREEMENT WITH 5G INFRA TECH SOLUTION SDN BHD ("TARGET"), (''PROPOSED INVESTMENT'')