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 Arowana Venture Breeding Management Scheme (AVBMS), ANyone invested in this?

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Showtime747
post Dec 27 2013, 04:54 PM

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QUOTE(escargo75 @ Dec 27 2013, 04:30 PM)
Ar... this one I knew this few years back....Geneva is from Malaysia or SG? But does that give you more security to knock on their doors and lower risk?  icon_idea.gif You said is lower risk because it feed your appetite isn't it?
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These Interest Schemes are regulated by the authorities in Malaysia. Genneva is unregulated. So is your Oil investment tongue.gif

6% for Arowana scheme regulated and approved by Malaysian authorities
8% for CHGS regulated and approved by Malaysian authorities
24% for Genneva unregulated
12% for your oil investment unregulated and some more in overseas

Personal preference on risk and return. If you think your 12% is sufficient to cover your risk, then be happy thumbup.gif

apathen
post Mar 17 2014, 04:24 PM

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can post the link for this arowana scheme, for us to read their latest prospectus?
Showtime747
post Mar 17 2014, 06:39 PM

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QUOTE(apathen @ Mar 17 2014, 04:24 PM)
can post the link for this arowana scheme, for us to read their latest prospectus?
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https://www.google.com/


You are welcomed
Berkshire Breakaway
post Mar 17 2014, 07:19 PM

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i had a friend who subscribed to this same arowana scheme
comes with nice so called cctv service etc etc to monitor your arowana

in the end the guy who owned it made a run with his money
ongoing legal battle now, but most of the asset they have already taken and left.
croco_2002
post Mar 17 2014, 07:40 PM

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http://arowana67.blogspot.com/2010/04/kegh...lah-kepada.html

Last time even this Malay artist join.don't. Know if the same scheme with ts.
apathen
post Mar 17 2014, 08:50 PM

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QUOTE(Showtime747 @ Mar 17 2014, 06:39 PM)
https://www.google.com/
You are welcomed
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finally found it here the name is not intuitive http://www.agroequities.com/v2/index.php?o...d=83&Itemid=535 ...

From their current prospectus which only accounted till 31/12/2012 .... but the income statement figures not impressive 2011 and 2012 still incur -RM1.456 and -RM4.7 millions losses respectively ... anyone got any explanation from them?

This post has been edited by apathen: Mar 17 2014, 09:29 PM
Showtime747
post Mar 17 2014, 10:04 PM

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QUOTE(Berkshire Breakaway @ Mar 17 2014, 07:19 PM)
i had a friend who subscribed to this same arowana scheme
comes with nice so called cctv service etc etc to monitor your arowana

in the end the guy who owned it made a run with his money
ongoing legal battle now, but most of the asset they have already taken and left.
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Hey Warren tongue.gif

Which interest scheme involving arowana are you talking about ? How come SSM arowana scheme only has Agro Equities Berhad listed ? https://www.ssm.com.my/en/company/is-regist...tatus_value=All

This arowana AVBMS got problem meh ? SSM never warn us woh.....

Or are you mistaken it as Xian Leng Holding Bhd ? The company listed in KLSE ? Heard the brother of Chua CD is involved brows.gif

http://www.theedgemalaysia.com/highlights/...-xian-leng.html

Would like to Mr Buffet's valuable advice notworthy.gif
Showtime747
post Mar 17 2014, 10:09 PM

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QUOTE(apathen @ Mar 17 2014, 08:50 PM)
finally found it here the name is not intuitive http://www.agroequities.com/v2/index.php?o...d=83&Itemid=535 ...

From their current prospectus which only accounted till 31/12/2012  .... but the income statement figures not impressive 2011 and 2012 still incur -RM1.456 and -RM4.7 millions losses respectively ... anyone got any explanation from them?
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6% return you interested meh ? Many unit trust also can give more than that. Many KLSE stock dividend yield also more than 6%. What make you interested in this scheme ?
apathen
post Mar 17 2014, 11:11 PM

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QUOTE(Showtime747 @ Mar 17 2014, 10:09 PM)
6% return you interested meh ? Many unit trust also can give more than that. Many KLSE stock dividend yield also more than 6%. What make you interested in this scheme ?
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as for what i have found till now i'm not interested, like you said can find something with better roi and lower risk, that's why i want to know what make this attractive to public so i can also learn something, isn't this a platform for sharing and being educated ? smile.gif
Berkshire Breakaway
post Mar 18 2014, 12:19 AM

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QUOTE(Showtime747 @ Mar 17 2014, 10:04 PM)
Hey Warren  tongue.gif

Which interest scheme involving arowana are you talking about ? How come SSM arowana scheme only has Agro Equities Berhad listed ? https://www.ssm.com.my/en/company/is-regist...tatus_value=All

This arowana AVBMS got problem meh ? SSM never warn us woh.....

Or are you mistaken it as Xian Leng Holding Bhd ? The company listed in KLSE ? Heard the brother of Chua CD is involved  brows.gif

http://www.theedgemalaysia.com/highlights/...-xian-leng.html

Would like to Mr Buffet's valuable advice  notworthy.gif
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hello dear dear,

yes the same company
do you know what's SSM? it is just a registrar of companies.
it only shows your company is a valid registered company to conduct business.
on the SSM website, it only lists "Arowana Venture Breeding Management Scheme (AROWANA)" has a valid scheme registered. on paper it looks legitimate.
it is not a "certification" or endorsement that your investment is secure or guaranteed.
it can be good on paper but they can still turn it into a ponzi scheme and make a run with the money.
it is not even a public listed company.

also, what do you mean by "SSM never us woh"? it is not their job
most likely by the time they are alerted your money is already gone.
Showtime747
post Mar 18 2014, 06:24 AM

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QUOTE(Berkshire Breakaway @ Mar 18 2014, 12:19 AM)
hello dear dear,

yes the same company
do you know what's SSM? it is just a registrar of companies.
it only shows your company is a valid registered company to conduct business.
on the SSM website, it only lists "Arowana Venture Breeding Management Scheme (AROWANA)" has a valid scheme registered. on paper it looks legitimate.
it is not a "certification" or endorsement that your investment is secure or guaranteed.
it can be good on paper but they can still turn it into a ponzi scheme and make a run with the money.
it is not even a public listed company.

also, what do you mean by "SSM never us woh"? it is not their job
most likely by the time they are alerted your money is already gone.
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Dear Mr Buffet,

Seems that you have been out of touch with malaysian business environment. If you read this thread from the beginning, we have already discussed what is a "interest scheme". SSM does more than just a registrar of a company nowadays. For your kind reference, please refer to my post #31 of this thread.

Herewith I quote for your ease of reference

https://www.ssm.com.my/en/press-release/pre...-current-issues

As to your question on "what do you mean by "SSM never (warn) us woh"? it is not their job". An example of SSM does alert us and take action against directors on failed interest scheme

https://www.ssm.com.my/en/press-release/pen...ad-dituduh-oleh

Please do post any further question on malaysian business environment should you have any. I will be glad if you are interested in investing in malaysia. That would benefit malaysia market profoundly. And it is a pleasure to talk to you. notworthy.gif

Always of service to my great investment idol,

Showtime


tbheng
post Nov 30 2014, 01:11 AM

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Was invited for a briefing on the this scheme.
Looks legit with
- Sharefarming scheme approved by SSM
- My Premier as Trustee
- Delloite as auditor
Returns promised was 15%p.a. for 3 years.
AgroEquities

Anyone in this scheme to share the experience?
Thanks in advance. notworthy.gif
howeijie
post May 2 2015, 06:09 PM

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I invested since last year 2014, so far I received the dividend in quarterly basis.


Kaka23
post May 2 2015, 06:56 PM

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QUOTE(howeijie @ May 2 2015, 07:09 PM)
I invested since last year 2014,  so far  I received the dividend in quarterly basis.
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Received as promised by them? Already how many times received?

nexona88
post May 3 2015, 04:12 PM

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QUOTE(howeijie @ May 2 2015, 06:09 PM)
I invested since last year 2014,  so far  I received the dividend in quarterly basis.
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why do u choose to invest in AVBMS? hmm.gif
rachel0909
post Jan 4 2016, 04:15 PM

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hi all, i invested in another interest scheme called ICT Zone Ventures Scheme, where the company is in ICT leasing business.
i already received two times of my fixed 8% return per annum, will be getting the third time in mid of this month, as promised 8% again. smile.gif

just to share u guys another investment option, cheers...
www.ictzventures.com.my
woodleg
post Apr 26 2016, 02:46 PM

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I have invested about 4 yrs on this AVBMS which is taken over by Agro Equities. First 2 years return is 6% per year, 3rd year return is 1%, 4th year return is less than 1%, recently totally no return. Any investor got the same return? mad.gif
subangkidz
post May 1 2016, 12:34 AM

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QUOTE(woodleg @ Apr 26 2016, 02:46 PM)
I have invested about 4 yrs on this AVBMS which is taken over by Agro Equities. First 2 years return is 6% per year, 3rd year return is 1%, 4th year return is less than 1%, recently totally no return. Any investor got the same return?  mad.gif
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AVBMS offered 6% for the first 2 years only. 3rd year onwards base on profit sharing. Once taken over by Agro Equities, returns are much better. Their investors not only received quarterly returns on time but has alrd start exiting. At least i didnt have any issue with my investment
subangkidz
post May 1 2016, 12:39 AM

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QUOTE(tbheng @ Nov 30 2014, 01:11 AM)
Was invited for a briefing on the this scheme.
Looks legit with
- Sharefarming scheme approved by SSM
- My Premier as Trustee
- Delloite as auditor
Returns promised was 15%p.a. for 3 years.
AgroEquities

Anyone in this scheme to share the experience?
Thanks in advance.  notworthy.gif
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I did. Got my returns quarterly on time as promised and good follow up by my agent. Just recently invested again after exiting my first.
subangkidz
post May 1 2016, 12:42 AM

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QUOTE(nexona88 @ May 3 2015, 04:12 PM)
why do u choose to invest in AVBMS?  hmm.gif
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Did u invest on their latest as well?

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