**Tan Sri Lee Kim Yew**, the founder of **Country Heights Holdings Bhd (CHHB)**, has demonstrated remarkable resilience and resourcefulness in his journey. Despite facing significant challenges, he managed to rebound and regain his footing in the corporate world. Let's delve into the reasons behind his impressive comeback:
1. **Survival Instinct and Determination**: - After the **1997/98 Asian financial crisis**, which dealt him a devastating blow, many believed he would go bankrupt and fade away from the corporate scene. - However, Lee Kim Yew refused to succumb to adversity. His unwavering determination fueled his survival instinct.
2. **Debt Repayment and Financial Recovery**: - Lee Kim Yew not only paid off **RM1.1 billion** in personal loans but also helped CHHB settle most of its RM1.1 billion debt. - His commitment to financial responsibility and debt repayment allowed him to regain financial stability.
3. **Endurance During High-Interest Rates**: - During the crisis, he faced exorbitant interest rates, reaching as high as **28% per annum**. - Despite the challenges, he persevered, negotiating with bankers and gradually overcoming the burden.
4. **Humility and Adaptability**: - He stepped down as CHHB group managing director in **2007**, taking responsibility for the company's problems and weakened financials. - Passing the baton to his daughter, Dian Lee, demonstrated his humility and adaptability.
5. **Losses and Sacrifices**: - Lee Kim Yew sold his controlling stake in **Sunrise Bhd**, a high-end property firm, to reduce his loans. - He even parted with his **US$30 million private jet**, symbolizing his social and economic status during better times.
6. **Changing Relationships**: - Some of his former "friends" distanced themselves during tough times, emphasizing that he was "a nobody." - His ties to former Prime Minister **Tun Dr. Mahathir Mohamad** didn't shield him from challenges.
7. **Resilience and Redemption**: - Despite setbacks, Lee Kim Yew's resilience allowed him to bounce back. - His story serves as a testament to human strength, adaptability, and the ability to rise from adversity.
In summary, Lee Kim Yew's rebound can be attributed to his tenacity, financial discipline, and willingness to adapt in the face of adversity.
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Intention to Deal During Closed Period 1. Details of Intention to Deal During Closed Period Salutation : TAN SRI Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew Designation : Others Description of "Others" Designation : Group Advisor Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 77,766,389 % of Securities Held : 26.210 2. Details of Intention to Deal During Closed Period Salutation : TAN SRI Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew Designation : Others Description of "Others" Designation : Group Advisor Nature of Interest : Indirect Interest Description of Securities : Ordinary Shares No of Securities Held : 57,878,121 % of Securities Held : 19.500 Remarks : This announcement is made due to the intention to deal by companies deemed interested by Tan Sri Lee Kim Yew. 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
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Intention to Deal During Closed Period 1. Details of Intention to Deal During Closed Period Salutation : TAN SRI Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew Designation : Others Description of "Others" Designation : Group Advisor Nature of Interest : Direct Interest Description of Securities : Ordinary Shares No of Securities Held : 77,766,389 % of Securities Held : 26.210 2. Details of Intention to Deal During Closed Period Salutation : TAN SRI Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew Designation : Others Description of "Others" Designation : Group Advisor Nature of Interest : Indirect Interest Description of Securities : Ordinary Shares No of Securities Held : 57,878,121 % of Securities Held : 19.500 Remarks : This announcement is made due to the intention to deal by companies deemed interested by Tan Sri Lee Kim Yew. 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
Accounts will be released after 5pm today kot? Esok, big jump hehe
CHHB - SUSPENSION OF TRADING CHHB - SUSPENSION OF TRADING ILC-01032024-00037 The above Company has failed to submit its Fourth Quarterly Report for financial period ended 31 December 2023 (?QR?) to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 29 February 2024 pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("LR"). Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.22 and 9.23 of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline. In view of the above and in the event that CHHB is unable to submit the outstanding QR on or before 7 March 2024, the trading in the above Company's securities will be suspended with effect from 9.00 am, 8 March 2024 until further notice. Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer. VP, ISSUERS 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
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....
ocbc
919 posts
Posted by ocbc > 2 months ago | Report Abuse
TSL cry lor , tak boleh tukar owner , tanah banyak banyak , keep for 3rd generation macam YTL , PP boleh @0.41