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Corporate Profile

Name

Country Heights Holdings Berhad (CHHB)

Year Founded

1984

Year Listed

1994 on Bursa Malaysia Securities Berhad, Main Board, Properties Sector

Stock Name

CHHB

Stock Code

5738

Issued & Paid up Share Capital

RM275,707,403

Subsidiary Companies

67

Affiliated Companies

2

Country Heights Holdings Berhad is a property conglomerate that primarily focuses on investment holdings, whilst our subsidiaries involves in diverse industry. Country Heights’ total assets employed are estimated at RM 2.4 billion, and investments exceeding RM 99 million.

Our core businesses categorize into three divisions:

¨      Property Development
¨      Property Investment
¨      Hospitality, Leisure and Health  

Within these divisions, our business activities includes: Residential Development; Retail Investment; Hotel and Resort Management; Preventive Health Services; Golf Course Development and Management; Education; Time Share; Construction.

- Borneo Highlands Resort

Our distinct proficiency in selecting location and experience in developing innovative concept has constantly appreciated our development value by multiple folds, i.e. Country Heights Kajang has appreciated over 1070% to date in value since launching. Moreover, Country Heights’ signature development is Mines Resort City, where successfully we transformed the world’s largest open cast tin mining lake into world-class golf course, luxury homes and Malaysia’s unique tourist attraction.

History

Country Heights Holdings Berhad is founded by Tan Sri Dato’ Paduka Lee Kim Yew and was officially incorporated on the 10th of May 1984 under a private limited company, initially under the name of Kurniata Sdn Bhd. Kurniata Sdn Bhd changed its name to Mojilee Sdn Bhd on 5th November 1987. Subsequently on the 17th January 1991, the name was changed to Country Heights Holdings Sdn Bhd. On 29th June 1993, Country Heights Holdings Berhad was converted to a public limited company and adopted its present name. Country Heights Holdings Berhad was listed on the Main Board of the Bursa Malaysia Securities Berhad on 18 February 1994.

  • 1984
    Country Heights was incorporated.
  • 1986
    A global recession brought about the October crash. And the Malaysian economy took a major nosedive.  
  • 1987
    In the wake of a painful recession, Country Heights pioneered the concept of country living in Malaysia with the launch of Country Heights Kajang. A near worthless rubber estate was transformed into the “Beverly Hills of Malaysia.”
  • 1990
    From a scarred and derelict wasteland, the world’s largest open cast tin mine was transformed into The Mines Resort City, Malaysia’s most breathtaking landmark. The Mines Resort City was carved out beginning with the construction of Mines Wonderland.  
  • 1994
    Country Heights Holdings Berhad was publicly listed on the main board of the Bursa Malaysia Securities Berhad. The Mines luxury golf home bungalows were launched.  
  • 1995
    Country Heights Villas, Kajang was launched, making the mark of Malaysia’s very first Mediterranean Waterfront homes.  
  • 1996
    College Heights Garden, Pajam was launched, developing Malaysia’s first academic township.  
  • 1997
    The year saw the majestic completion of the rest of the components of The Mines Resort City – Mines Waterfront Business Park, Palace Beach & Spa, Mines Shopping Fair, Palace of the Golden Horses and Malaysia International Exhibition & Convention Center.   The Mines Resort City played host to several international events.   This same year, the Asian financial crisis struck. Country Heights was one of the few stable companies that drive through the crisis successfully.  
  • 1998
    The ExCeL Exhibition and Conference Center project in London took off when Malaysia was still hit by the Asian economic crisis in 1998. It was made possible by Tan Sri Lee Kim Yew’s intervention and recapitalization.   Country Heights was appointed Official Flagship Hotel for XVI Commonwealth Games.  
  • 1999
    Mines Golf Club hosted World Cup Golf and Women’s World Cup Golf where Tiger Woods.   The Mines Resort City hosted the World Formula One.  
  • 2000
    Country Heights introduced Borneo Highlands Resort, the world’s first rainforest holiday homes and golf course situated 1000 meters above sea level on the border of Kalimantan, Sarawak.   Mines Golf Club hosted Women’s World Cup Golf.  
  • 2001
    Amid shrinking consumer confidence following the September 11, 2001 attack in the World Trade Center in New York, Country Heights Damansara was successfully launched using CHIPI investment scheme. Priority registrants at the launch netted RM 150 million in sales.  
  • 2003
    The double blow of the war in Iraq and the SARS crises have had a negative impact in the leisure, travel and tourism industries by fueling fear, discouraging bookings and delaying investment plans.  
  • 2004
    Country Heights Holdings Berhad undertakes a comprehensive restructuring exercise to put the Group on a stronger footing. The restructuring, which encompasses four corporate exercises, is aimed at unlocking CHHB’s underlying property development value, streamlining businesses and addressing its financial obligations.  
  • 2008
    Tan Sri Lee Kim Yew relinquished the 24 year Managing Director position and re-designated as the Non-Executive Deputy Chairman. Mr. Mark Rozario was appointed the new Group Managing Director.   Despite the real estate bubble burst and sinking subprime issues in the financial industry, Country Heights have successfully introduced Mines Golf City, a 63 hole luxurious golf course and homes.


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