Companies Commission probes early Country Heights Grower Scheme termination


By LIZ LEE

PETALING JAYA: The Companies Commission of Malaysia (CCM) is probing Country Heights Grower Scheme's (CHGS) proposed early termination, summoning the managing company's senior representatives and trustees to determine if they had complied with the laws, rules and regulations.

CCM, which regulates interest schemes in Malaysia, clarified that in accordance with CHGS's trust deed and related agreements, an early termination of its scheme was allowed, as long as the terms and conditions of early termination as stipulated were fully complied with.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

US bonds rally on reports of Middle East missile strike
Fed policymakers agree: there's no urgency to cut rates
Ringgit opens easier against US$ as Fed turns hawkish
Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Farhash no more HeiTech’s substantial shareholder
AWC lands RM17.8mil plumbing job
SupportLine
Trading suspension for Awanbiru

Others Also Read