Country Heights Holdings Bhd
(CHHB) has signed an agreement with Khazanah Nasional Bhd involving the transfer of CHHB's Mines property assets to a special purpose vehicle, East Vision Leisure Group Sdn Bhd.
National investment agency Khazanah and CHHB's lenders comprising AmMerchant Bank, RHB Bank, and Bumiputra Commerce Bank will invest in East Vision, a wholly-owned unit of CHHB, by injecting RM125mil and RM295mil respectively, in exchange for loan stocks issued by East Vision.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
