KUCHING, June 27 ― Country Heights Holdings Bhd (Country Heights) is planning to seek arbitration in Singapore over the forfeiture of land under its subsidiary Borneo Heights...
KUCHING, June 27 ― Country Heights Holdings Bhd is planning to seek arbitration in Singapore over the forfeiture of land under its subsidiary Borneo Heights Sdn Bhd by the Sarawak state government.
In March last year, Minister for Tourism, Creative Industry and Performing Arts Datuk Seri Abdul Karim Rahman Hamzah said that Borneo Highlands Resort was now wholly owned by the Sarawak government after the legal battle with Country Heights concluded. However, on Nov 2, 2020, the Sarawak government terminated the concession given to Country Heights after the latter failed to fulfill the agreement to develop the resort after more than 10 years.
Borneo Heights and Country Heights subsequently filed a suit seeking a declaration to annul the order of forfeiture.
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