Malaysia's Country Heights buys back RM50 million bonds

By Reshmi Basu

New York, Nov. 8 - Country Heights Holdings Bhd said it redeemed RM250 million bonds.

The company used proceeds from the sale of 200 million shares by its subsidiary Mines City Hotel Bhd to buy back the 3% to 8% redeemable secured bonds due 2005.

After the redemption, the amount of the remaining bonds left is RM150 million.

Country Heights, based in Kuala Lumpur, is involved in property development and tourism.

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