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.
Country Heights was incorporated.
A global recession brought about the October crash. And the Malaysian
economy took a major nosedive.
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.”
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.
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.
Country Heights Villas, Kajang was launched, making the mark of Malaysia’s very first Mediterranean Waterfront homes.
College Heights Garden, Pajam was launched, developing Malaysia’s first academic township
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.
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...
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.
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.
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.
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.
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.
Golden Horses Health Screening
Under the expansion of Golden Horses Health Screening Services, we established another new health screening centre at Mont’ Kiara.
Launch of Admiral Cheng Ho Voyages Exhibition at MINES in commemorating the 600th anniversary of Cheng Ho’s sea expedition.
MIECC hosted the biggest Chinese book fair in the region ‘The World Chinese Book Fair 2005’.
Palace Beach & Spa
We embarked on re-branding exercise for Mines Beach Resort & Spa, now known as “Palace Beach & Spa”, Country Heights Vacation Club, now known as “Palace Vacation Club” and Country Heights Health Sanctuary, now known as “Palace Health Sanctuary” to creating a unified branding with PGH.
Our hotels actively participate in the 2007 Visit Malaysia Year activities and benefit from the high inflow of tourists.
Disposal of Mines Shopping Fair for cash consideration of RM432 million and redeemed the RM420 million loan stock 4-year prior to its maturity. Following the redemption, the gearing of the Group has reduced to 0.6 times.
Golden Horses Health Screening
In the effort of expanding and diversifying our health business, Country Heights officially launched the Traditional Chinese & Complimentary Healthcare Centre (TCM) together with the Ministry of Health Malaysia. This is our third health center.
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.