PETALING JAYA: 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 was for a period of 12 months at an interest rate of 8% per year, subject to the terms and conditions as stipulated in the said money lending 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.