Country Heights clarifies sale

Posted on | August 23, 2007

By BUSINESS TIMES

COUNTRY Heights Holdings Bhd (CHHB) has clarified that its RM432 million sale of the Mines Shopping Fair shopping mall in Seri Kembangan excludes the Mines International Exhibition and Convention Centre next door, and not as reported on August 17 2007. In addition, CHHB has granted a call option to the purchaser who has agreed to grant CHHB a put option in respect of a lease over Venice Walk for an exercise price by either party of RM3 million upon the exercise of the option. The error is regretted.

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