Country Heights (KLSE:CHHB) property owned by subsidiary, Mines Waterfront Business Park, is scheduled for a judicial auction on Nov. 4, at a reserve price of 152.8 million ringgit, according to a Thursday Bursa Malaysia filing.
The enforcement action has been taken by MBSB Bank, with the property comprising office blocks, unsold units, incomplete buildings and a vacant commercial land.
The property has been charged to MBSB as security for financing facilities extended to the subsidiary.