Tan Sri Lee Kim Yew (李金友) has always been a prominent figure in Malaysian society. Known for his philanthropical acts and for founding investment holding company Country Heights Holdings Bhd, there’s no denying his mark in Malaysia.
However, Malaysians received shocking news recently. Just yesterday (12th April), Tan Sri Lee Kim Yew was declared bankrupt! No further information was provided at the time regarding his bankruptcy. But, shortly after, the founder came forward to clarify the issue.
Shortly after the news went viral, Tan Sri Lee Kim Yew responded to the issue. “I did not file for bankruptcy,” he clarified. “This particular party declared me bankrupt over a RM3 million suit.” The property tycoon then promised to reveal more details regarding the matter at a press conference around noon today (13th April).
Tan Sri Lee Kim Yew’s investment holding company, CHHB, is well-known for developing the Mines Resort City in Seri Kembangan. The property tycoon also made headlines last year when he campaigned with former prime minister Tun Mahathir Mohamad for the Johor state polls.
Sources: China Press (1)(2), New Straits Times
