Business News

Published: Friday February 8, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:47:50 AM

Country Heights Growers Scheme investors agree to terminate scheme

KUALA LUMPUR: Tan Sri Lee Kim Yew, the founder of Country Heights Growers Scheme (CHGS), proposal to terminate the scheme received overwhelming approval at Friday's meeting.

A total of 98.98% voted in favour to end the scheme while 1.018% were against.

Lee had, during the meeting with the shareholders, gave his personal commitment of RM25mil as a ”goodwill package”.

The meeting saw more than 1,300 scheme investors attending.

Lee was also to put his commitment in writing by the trustee of the company.

The investors of the scheme also requested Lee's personal commitment on the goodwill package and payment be made within six months.

Tags / Keywords: News, Business, Lee Kim Yew, Country Heights Growers Scheme (CHGS), overwhelming approval to terminate scheme, Business


  1. In a cloning first, scientists create stem cells from adults
  2. Langat 2 water treatment project to take off
  3. Shell discovers gas in Block SK318, off Sarawak
  4. Nearly RM1b Langat 2 water treatment plant awarded to Salcon-MMC-AZRB JV (Update)
  5. Too few attending to last will and testament
  6. MAS share price cheapest in 12 years, makes it attractive for privatisation
  7. Another China developer flocks to Iskandar, plans RM10bil projects
  8. M'sian billionaire Quek firms to buy Ezion shares worth RM508mil
  9. Car ownership in M’sia third highest in the world: Nielsen
  10. Sapura and Airbus to establish long-term cooperation in C4ISR