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Not a bailout, MALAYSIAN BUSINESS
- Article from:
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Malaysian Business
- Article date:
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February 24, 2004
- Author:
- Norsiah Nurani
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Copyright informationProvided by ProQuest LLC. (Hide copyright information)
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Norsiah Nurani
Malaysian Business
02-24-2004
URL: http://www.emedia.com.my/
THE deal involving a cash injection of RM125 million by Khazanah Nasional
Bhd in a special-purpose vehicle owned by Country Heights Holdings Bhd
(CHHB) is not a bailout, says CHHB managing director Tan Sri Lee Kim Yew.
`It is not a bailout. People should have the wisdom and knowledge ...
look at the quality of assets that we have ... they have good
potential to generate cashflows and are attractively priced,' he says when
contacted by Malaysian Business.
Lee was asked to comment on market perception that CHHB's deal with
the government's investment arm was tantamount to `rescuing' him and his
property development group.
He ...
 "Business Times (Malaysia)")
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