Country Heights Holdings Bhd
has deferred a critical bondholders’ meeting intended to seek their approval for a lump sum redemption of its entire RM200mil redeemable unsecured bonds at maturity on Dec 31, 2005, instead of a yearly RM50mil redemption until maturity.
The company said the deferment of the meeting scheduled for today was to give its substantial shareholder and managing director, Tan Sri Lee Kim Yew, more time to complete his acquisition of all outstanding bonds.
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