<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 12): Country Heights Holdings Bhd founder and largest shareholder Tan Sri Lee Kim Yew has been declared a bankrupt by the Shah Alam High Court.</p></div>

<div class=newsTextDataWrapInner><p>According to Malaysia Department of Insolvency's website, e-insolvensi, the tycoon received the bankruptcy notice issued by the Shah Alam High Court on Jan 26 this year.</p></div>

<div class=newsTextDataWrapInner><p>The group, in which Lee controls a 57.64%&nbsp;stake, declined to comment on the issue when contacted.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Lee reportedly told the <em>New Straits Times</em> that he had not filed for bankruptcy.</p></div>

<div class=newsTextDataWrapInner><p>"I did not file for bankruptcy. This particular party declared me a bankrupt over a RM3 million suit. I will provide more details about this matter at a press conference tomorrow (Thursday, April 13)," he was quoted as saying.</p></div>

<div class=newsTextDataWrapInner><p>Country Heights announced the 68-year-old's resignation as the group's executive chairman on Feb 3, saying it was “to cater for change management for the transformation of the group.”</p></div>

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Country Heights Holdings Bhd founder Tan Sri Lee Kim Yew has been declared a bankrupt by the Shah Alam High Court.

Country Heights founder Lee Kim Yew declared a bankrupt

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