Tan Sri Lee Kim Yew -AZHAR MAHFOF/The Star
PETALING JAYA: Country Heights Holdings Bhd (CHHB) has assured that its financial position has not been affected by the bankruptcy order against its founder, Lee Kim Yew.
In a statement to the shareholders yesterday, CHHB managing director Datuk Mircle Yap said the recent personal incident involving Lee would not impact the company's financial performance or operations.
ALSO READ: Country Heights founder Lee Kim Yew declared bankrupt
"We appreciate the contributions of all our shareholders, but we want to emphasise that their personal incident is a confidential matter and will not affect CHHB's operations.
“We have a competent management team and a strong corporate governance structure in place to ensure that our business operations continue without interruption.”
Yap said investors can be confident that CHHB's financial performance and outlook are based on their strong business fundamentals, including a diversified real estate portfolio, strategic investments, and a proven track record of creating value for shareholders.
“We remain committed to our growth strategy and believe that we will continue to generate long-term value for our investors.”
ALSO READ: Lee Kim Yew claims he is still solvent, says US arbitration court decision used in bankruptcy notice
He added that CHHB highly values the trust of investors and wants to stress that the personal financial situation or insolvency of any shareholder will not affect their financial or operational performance.
“The group acknowledges and appreciates the robust corporate governance policies of Bursa Malaysia and remains dedicated to maintaining the utmost standards of ethics and professionalism.
“The group’s growth strategy remains a top priority, and the group is eager to generate value for shareholders.”
