guess the guys at MSWG forum will help you with the marking.

Thanks a lots for your support!

Update :
MSWG will not allow this as it is a forum for Minority investors. Tan Sri LKY has other platforms to engage us.

FYI, you can download the circular and proxy form in their website www.chgs.com.my.

please ACT FAST !

http://www.chgs.com.my/download/CIRCULAR%20-%20CHGS.pdf

Please send fast by courier to MSWG office as posted earlier here on Jan 30 post#945 on Page48
Thanks a lot!

Join us on FB : CHGS Group type capital G in Group and not "CHGS group" which is closed and not friendly.

This post has been edited by mkhor7: Feb 1 2013, 02:15 AM

Does anyone have any idea of the progress of the plantation ? i mean they really planted with oilpalm. Or the said plantation site still remain as forest.

This CHGS fiasco is a reminder to all to be wary of similar schemes in the market. I always look at the ultimate person responsible and Tan Sri LKY's reputation just does not cut it for me. Those who follow his business expolits will know what I am referring to. The age old saying - a leopard never changes its spots- comes to mind. I hope the authorities comes down hard on the management for this is a clear breach of contract. Stay strong people!

I read LKY latest letter in chgs.com.my. There is a cost of Acquistion of Lahad Datu Estate 19.7mil. This estate profit should share with all the grower since they use our money to buy it and they never mention the current value of Lahad Datu estate.

With his experience, I doubt he will make such "breach of contract" mistakes. He has a whole legal department full of lawyers to study, plan, and execute his plan for him. The proposal papers, what to present to the growers, which consultant he pick to advise the minority growers (and what the consultant writes in his report), when to send the proposal, what date to hold the meeting, who will be the chairman of the meeting, who will be his proxy, how many votes he has to vote in the meeting, right down to how many security guards present at the meeting are all pre-planned.

And he and his team of staff who draw high salaries will make sure everything in this exercise will be in accordance to the law and contract.

The only uncertainty to him is the number of votes that will go against him during the meeting

Show him for once, money cannot buy everything !

Unfortunately not all people hold strong to principle. It is difficult for those especially chinese to attend this meeting which purposely hold it before chinese new year eve. Besides that,All growers are not rich.. they run out of this for this meeting especially those living far away from KL.

Can anybody enlighten me with detail on this event? So many comment? R we going to have meeting before the EGM?

Nice catching up on the phone just now.
Yes, pls come for 11am Monday Feb-4 forum meeting at MSWG office in the EPF building along Jln.Raja Chulan, KL.

Thanks for your support and spreading out the messages to fellow Growers investors.

When my dad told me about this scheme, I did a quick background check on the mastermind behind the show and advised my dad not to invest. but some time later, i found out he invested quietly anyhow...

My proxy form is sent, 4pcs from kuantan, pahang.

Just a word of caution, not sure if anyone posted this, but just today, Errol Oh posted an article titled "Time to focus on interest scheme"

http://biz.thestar.com.my/news/story.asp?f...30&sec=business

where the company has asked for termination of a previously launched scheme

Just tot everyone should know

I called the management but they staff mentioned that "No, the company is not afford to pay for the dividen". Too much....

Why the inconsistency? Was this done intentionally?

http://bursastocktalk.blogspot.com/2013/02...scheme-why.html

In the Country Heights Grower Scheme prospectus dated 8 June 2012, they include the financial statement of the management company, which showed the company has been profitable since 2007 (see page 38 of the prospectus)

However, when it comes to the proposed voluntary termination of the scheme, Gua Musang plantation account, which is less impressive was used instead.

Why the inconsistency? One is to attract investors and the other is for the termination the scheme. But for the same scheme, why different accounts were used? Good if Tan Sri can explain this to the growers.

Hi, The Edge's latest issue featured CHGS as cover story and Tan Sri LKY explained why he wanted to terminate.

But it also highlighted certain issues:-
1. Why was the money used to buy the Lahad Datu land? Can the profit from that land be paid out as dividends?
2. Why did the management company - Plentiful Gold, lend RM80 million to the holding company, Bee Garden? Can it be returned to pay as dividends?
3. Under the SSM guideline, all growers must be present to vote. Why only 3/4 according to the circular?
4. Why was the accounts not audited since 2011?
5. Why the trustee did not inform the growers earlier if yield was so bad?
6. What is the actual yield in 2012?
7. Why was plots from the 30% reserve sold?
8. Why the SSM guideline was only formed in 2010 after CHGS was formed in 2007?
9. What is the accreage in Lahad Datu?

Hope Tan Sri LKY can explain all this on Feb 8.

This post has been edited by flyingegg: Feb 3 2013, 01:30 AM

Thank you ECHO!
Tan Sri Lee has Plentiful issues to answer. He may however choose to stick to his gun and go ahead with the EGM on Feb-8.

We want him to show us PGCB and Bee Garden balance sheets.
Is the current Trustee can be trusted to do their proper duty with diligence and care?

GOOD JOB, HPCP

After almost sold all his plots and left with just 8 plots and announced want to close shop.

If rich taikoon like him only got 8 plots left, sure got something wrong one.

WOI, Tan SRI LKY...I know you are reading in this forum. WHY IS THE ACCOUNT IS SO MUCH DIFFERENT????? you do COOKing?

Please Speak UP, what is your clear intention when you initially start this "INVEST IN CERTAINTY" or "MONEY DROP FROM THE SKY" scheme. Please explain to all the disgruntled GROWERS ASAP.

Only left a few days more is CNY and we have to postpone "balik kampung" just to attend your closing shop meeting. You got "heart" or not?

Make sure you pay our hard-earned money ASAP and not in 2 years time. Pay with your pocket money 1st and you wait for 2 years, not we the Growers wait for 2 years.