Country Heights property auction draws no bidders
KUALA LUMPUR: Country Heights Holdings Bhd's latest public auction of its property in Petaling Jaya has failed to attract bidders.
In a filing with Bursa Malaysia, the company said the public auction of the property belonging to Mines Waterfront Business Park Sdn Bhd was unsuccessful due to the absence of bidders.
MBSB Bank Bhd initiated the auction, which took place on Wednesday at 9am via the e-Lelong platform.
The auction proceeded pursuant to an order for sale issued by the High Court of Malaya at Shah Alam.
The leasehold land spans 667,147 square feet and had a reserve price of RM152.77 million.
Country Heights' shares closed one sen or 7.69 per cent higher at 14 sen, valuing the company at RM45.61 million.
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