KUALA LUMPUR (Dec 8): Tycoon Tan Sri Lee Kim Yew has trimmed his stake in Country Heights Holdings Bhd to 60.331%, from 60.604% previously.
Lee disposed of 810,811 shares in the property developer via off market transactions on Tuesday (Dec 6).
This leaves Lee with a 26.207% direct stake (77.77 million shares) and 34.124% indirect stake (101.26 million shares) in Country Heights, the group’s bourse filing showed.
The disposal was in accordance with a master share sale and purchase agreement with Equity First Holdings LLC announced on June 8, under which Lee sells shares held in Country Heights, and has the right to repurchase the shares at a pre-agreed price at the maturity date.
Country Heights’ share price closed unchanged at 39.5 sen on Thursday (Dec 8), giving the group a market capitalisation of RM117.71 million. The stock has depreciated 77.43% since the beginning of this year.
more tourists, chhb will perform better in months to come Summary from 25/08/2009 to 08/12/2022 Highest Price 1.6200 First Occurred on 22/08/2014 Lowest Price 0.3500 First Occurred on 18/10/2022 Highest Volume 9.600m First Occurred on 20/04/2011 History
Exhibition and Convention Division: In an immediate response, the industry sees a surge in the logistic industry. Hence the exhibition and convention division via MIECC has offered its 150,000 sqft to be a warehouse and distribution space. MIECC's predominant focus is on internal upgrades and improvements while also building relationships with strategic partners for the eventual reopening of the industry.
GHHS is also in collaboration with Institute for Medical Research Malaysia (IMR) & the MOH to produce & distribute maggot debridement therapy to clinics and hospitals in Malaysia for wound care treatment.
Digital Transformation Mines Wellness City will be the first township in Malaysia to use smart city app and will be called the M Smart City App (MSA), with cryptocurrency enablement. The Mines community would benefit from integrated digital services, cutting edge community engagement and smart city management all on one smart city app. With its mobile community platform solution users can conveniently do multiple things online on their phone and local businesses can better serve and connect with their customers. JD.com is one of the top 2 B2C e-commerce platforms in China. A partnership with CHHB will be a clear signal to the market that CHHB is intent on transforming its business model into the digital age. The partnership involves using MIECC to be the flag store for curated JD.com merchandise as well as warehouse centre for the initial launch; CHHB will also purchase a minimum of RMB10m of merchandise at the onset; Upon successful milestone, CHHB will expand 2 more flagship stores in the south and the north of Malaysia.
On 9 February 2022, the Company is pleased to announce that the Company has fixed the issue price of the Placement Shares at RM1.3270 per Placement Share to be issued pursuant to the Private Placement. The company has fixed the issue price of the Placement Shares at RM1.3270 per Placement Share exercised of 15,837,900 shares with the total value of net received of RM21,016,893.30 on 22 February 2022.
Status of Utilisation of Proceeds from Corporate Proposals Details of the utilization of proceeds set out in the Initial Announcement. As per Section 2.6 of the Initial Announcement, the gross proceeds to be raised from the Proposed Private Placement is approximately RM58.81 million which was expected to be utilized by the Group in the following manner: Proposed Amount Utilised Amount RM'000 RM'000 Utilisation of proceeds Repayment of bank borrowings 10,000 7,231 Partial financing of the construction cost for: 1) Mines Wellness Suites project 7,000 2,000 2) College Heights Estate project 5,000 3,000 Business expansion in healthcare division via the setting up of : 1) TCM hospital 5,000 4,000 2) Confinement centre 10,000 3,000 Mobile application development cost for MSA 15,000 General working capital 5,215 1,086 Estimated expenses for the Proposed Private 1,600 700 Placement Total Utilisation of Proceeds as at 24.05.2022 58,815 21,017
Inventories As at As at 30-Sep-22 30-Sep-21 RM’000 RM’000 Land held for property development 159,853 159,269 Property development cost 137,161 138,219 Others 94,767 95,692 231,928 233,911
As part of its transformation plans, Country Heights Holdings Bhd (CHHB) has identified RM300 million worth of existing assets that the company plans to monetise through a property sales programme.
CHHB managing director Datuk Jared Lim tells City & Country in an exclusive interview that the company is in the midst of enhancing these properties. “We’re launching a sales programme at attractive prices in the current market to monetise our land bank, and our [profit] margins are very attractive.
“Buyers can look forward to [purchasing] completed properties with showhouse designs because we are collaborating with designers and contractors for this. There are no risks because the properties are completed. Basically, what you see is what you get.”
Lim says that the company is targeting to achieve the RM300 million from the sales programme within three years.
One of the properties featured in the sales programme is the company’s newly rebranded Cloud Life wellness-centric commercial development (formerly the Mines Wellness Suites launched in 2014) located next to the existing Mines Waterfront Business Park in Mines Wellness City (MWC). Part of the 1,300-acre Mines Resort City, MWC is an integrated health and wellness development spanning 800 acres and surrounding a 150-acre lake.
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 COUNTRY HEIGHTS HOLDINGS BHD
Type Announcement Subject OTHERS Description 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 The Board of Directors of CHHB has on 6 December 2022 received a notification from Tan Sri Lee Kim Tiong @ Lee Kim Yew (“Tan Sri Lee”) pursuant to Sections 219 and 137 of the Companies Act, 2016 that Tan Sri Lee sold 810,811 ordinary shares held in CHHB pursuant to the Master Share Sale and Purchase Agreement (" Agreement") with Equity First Holdings LLC, details of the said Agreement as announced on 8 June 2022.
Tan Sri Lee's interest in the ordinary shares of CHHB after the above diaposal is as below:
Direct interest : 77,766,389 shares (26.207%)
Indirect interest: 101,257,931 shares (34.124%)
This announcement is dated 8 December 2022
Announcement Info Company Name COUNTRY HEIGHTS HOLDINGS BHD Stock Name CHHB Date Announced 08 Dec 2022 Category General Announcement for PLC Reference Number GA1-06122022-00072
Friday, 02 Dec 2022 8:01 PM MYT GEORGE TOWN, Dec 2 — Malaysia has recorded a high rise in foreign tourist arrivals after the reopening of the border last April, according to Tourism Malaysia director-general Datuk Zainuddin Abdul Wahab.
Q4, 2022, much better results are expected :) Tourism Malaysia is optimistic to achieve the government’s target of getting 9.2 million foreign tourists visiting Malaysia in 2022.
On Dec 28 last year, Country Heights hit limit up when it surged to a multi-year high of RM2.14 before closing at RM1.98 following an announcement that it had entered into a licensing and collaboration agreement with Beijing Wodong Tianjun Information Technology Co Ltd, a wholly-owned subsidiary of JD.com which is a leading technology-driven e-commerce company in China.
The collaboration will lead to the development of JD.com’s omnichannel business model using its technologies and Country Heights’ resources for the Malaysian market.
direct biz transactions pun 40sen/// luar biasa... dah mau pancut kot? :) History Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks 08/12/2022 00:00:00 0.4000 0.0050 6.500m 6.500m 2.600m 2.600m 0.4000 2.1667 - 06/12/2022 00:00:00 0.4300 - 810,811 810,811 348,649 348,649 0.4300 0.2703 -
History Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks 08/12/2022 00:00:00 0.4000 0.0050 6.500m 6.500m 2.600m 2.600m 0.4000 2.1667 - 06/12/2022 00:00:00 0.4300 - 810,811 810,811 348,649 348,649 0.4300 0.2703 - <%-- for fixing scrollbar--%> Save Print Back
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : LEE KIM TIONG @ LEE KIM YEW NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia Address: - Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 09/12/2022 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 08/12/2022 Disposed 6,500,000 - Circumstances by reason of which change has occurred: Disposal in off market transaction Nature of Interest: Direct and Indirect Interest Consideration:
No of Shares Held After Changes: Direct : 77,766,389 shares (26.2070%) Indirect/Deemed Interest : 94,757,931 shares (31.9330%) Total : 172,524,320 shares Remarks: Total number of ordinary shares : 296,738,903 (excluding treasury shares 3,250,000) You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) COUNTRY HEIGHTS HOLDINGS BHD
Particulars of substantial Securities Holder Name TAN SRI LEE KIM TIONG @ LEE KIM YEW Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 08 Dec 2022 6,500,000 Disposed Indirect Interest Name of registered holder M&A NOMINEE (TEMPATAN) SDN BHD FOR GOLDEN TOUCH INVESTMENT BANK LTD Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal in off market transaction Nature of interest Direct and Indirect Interest Direct (units) 77,766,389 Direct (%) 26.207 Indirect/deemed interest (units) 94,757,931 Indirect/deemed interest (%) 31.933 Total no of securities after change 172,524,320 Date of notice 09 Dec 2022 Date notice received by Listed Issuer 09 Dec 2022
Remarks : Total number of ordinary shares : 296,738,903 (excluding treasury shares 3,250,000)
Announcement Info Company Name COUNTRY HEIGHTS HOLDINGS BHD Stock Name CHHB Date Announced 09 Dec 2022 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-09122022-00014
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jojo85
434 posts
Posted by jojo85 > 2022-11-23 20:44 | Report Abuse
We need operator instead of mahathir. Gogogoreng..