KUALA LUMPUR: Country Heights Holdings Bhd
(CHHB) has entered into a Money Lending agreement (Unsecured Loan) with Golden Touch Capital Management Sdn Bhd (GTCM) for a RM3mil loan.
In a filing with Bursa Malaysia, CHHB said the RM3mil loan from GTCM is for a period of 12 months at an interest rate of 8% per annum, subject to the terms and conditions as stipulated in the said MoneyLending Agreement.
GTCM is a licensed moneylender under the Moneylenders Act 1951.
Tan Sri Lee Kim Yew, who is a major shareholder of CHHB, is a director and major shareholder of GTCM.
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