Yes it is reality that we are the multitude common people and the big player movers are the few.
We can only look out for the best income source and where to grow the wealth we already have.

Hence we have achieved for the short ride our objectives. Are you big plantation owner who is willing to share ? You will know where to find suiyee.

i find it detestable for these BIG crooks to scam the smaller suiyees.......much like the Genneva gold scheme

BIG pyramid base for BIG profit, NO RISK to them

This one is more 'legal', still a legalised scam nonetheless

yup, this is my final thought also. legalised scam.

Now that we can put the CHGS behind us, how about shifting our investments to other oil palm investment schemes, namely the Golden Palm Growers Scheme or the East West One Planter's Scheme? Any taker?

This post has been edited by PalmLover: Feb 14 2013, 08:24 PM

Any exact date on when investors will be receiving the dividend and 10% initial investment and when will the remaining balance be fully refunded?

The dividend should be paid today right according to agreement? We'll receive the payment in a week I suppose

I think people in nature is greedy and never learn any lesson, because if they do, how does a ponzi scheme can be used and repeatedly con people?

Either is a CHGS or GPGS or EWWOPS all is some strip color... but still I know people from CHGS jump in again to GPGS... ... lesson never learnt..

Came across this piece of news in NST:

East West going all out for scheme
Zaidi Isham Ismail, Business Times, 13 February 2013


EAST WEST One Consortium Bhd is going all out to woo potential investors to invest in its planters scheme, enabling them more options for the best investment product as well as provide them with the opportunity to ride on robust crude palm oil prices.

The scheme is called East West One Planters Scheme (EWOPS) and is Malaysia's third growers scheme in the market.

East West chief executive Datuk Dr Jessie Tang said the scheme is capable of meeting all financial projections stipulated in its prospectus.

"We are meeting the projection as the East West One Planters Scheme is financially healthy to fulfil its commitment to investors," Tang told Business Times in an interview.

A fixed short-term investment scheme, EWOPS is different from other competing growers schemes in that it boasts an investment period of only six or eight years with guaranteed monthly returns paid every quarter and full capital payback at the end of the investment period.

Tang said EWOPS is not a get-rich-quick scheme, hence there is no investment pitfalls.

Since its launch in September 2011, investors in EWOPS have been warming up to the scheme given its ability to attract high investor confidence and commendable take-up rate.

"Despite volatility in CPO (crude palm oil) prices, the oil palm industry is highly sustainable and is poised to provide more than adequate returns in the medium to long term," said Tang.

She said although CPO prices have been fluctuating over the past 50 years or so, it will nevertheless point to an upward trend that reflects an increase in the global population with corresponding demand for food consumables including palm oil.

She said the ultimate secret recipe that will work favourably for EWOPS is obviously the Sabah factor.

"Sabah has the vastness of land for a steady plantation sector, of which the agronomic factors in Sabah - in particular, good soil with volcanic qualities, good terrain and year-round rainfall are most suitable for oil palm cultivation.

Today, 30 per cent of Malaysia's total oil palm plantations of about 5 million ha are located in Sabah and the hectarage is growing.

With a hectarage in excess of 1.5 million, some oil palm estates in Sabah are bigger than the state of Perlis itself.

At company level, EWOPS has a hands-on management team with relevant experiences in both the plantation and financial sectors.

"Additionally, we have access to clones of high-yielding seedlings and this makes good sense given Sabah is well-documented in the statistics of the Malaysian Palm Oil Board as one of the highest yielding area for the crop's cultivation (average of 20 to 22 tonnes of fresh fruits bunches per ha per year)."

She reiterates that payout returns for the EWOPS scheme is not based on CPO prices and that the scheme has to date disbursed five quarterly payments - with the sixth slated for March 31 this year - as promised in the company's prospectus.

These quarterly payments as well as the refund of the initial investment capital are paid directly to investors by the company's trustee.

In addition, should investors wish to divest their holdings any time during the investment period, the company will buy back any number of blocks, subject to the terms stipulated in the prospectus.

Moreover, after the fifth year when the oil palm trees are more matured, the purchase price is 100 per cent of the initial investment and in addition to the returns that they would have received every quarter from the time they first invested in the scheme, investors can rest assure that their investments are fully secured, she said.

"We are well ahead in terms of our planting schedule as stated by our independent consultant in the latest prospectus. Planters are welcome to track our progress by visiting our website at www.eastwestone.com and view for themselves our photo gallery and progress update," added Tang.

East West is a public limited company engaged in the oil palm plantation business, particularly the development and subsequent management of oil palm plantations and together with its parent company has a land bank of some 16,194ha of agricultural land in Sabah.

it will be interesting to see where she got her doctorate from.

Have you heard anything regarding the 25M goodwill package by LKY needs to be approved by another EGM by the growers? I read the Nanyang today it stated something like this. Is this true?

Thanks for informing.

Latest news:
http://www.nanyang.com/node/511488?tid=460

quoting last sentence:
"PGC接下来需要举行第二轮投资者大会，再为李金友的“商誉配套”提案，寻求投资者的批准。"
rough translation:
"Next , PGC needs to hold a second investor meeting(EGM) to table LKY's goodwill package to seek approval by the investors"

Questions:
1) Who said the above statement? PGC? SSM?

2) If above said by PGC:
and the 8/2/2013 approval does not legally include approval of the goodwill package as one,
and by quoting Denniston (since I did not attend the EGM),
"His lawyer explained that his declaration is a verbal offer and is contract binding, substantiated by the Trustee which stated that these revised conditions have been recorded in the minutes. A vote for VT would be an acceptance of those terms"
is the lawyer lying to the investors just to woo votes?

3) If above said by SSM:
and the 8/2/2013 approval does not legally include approval of the goodwill package as one,
and, PGC with all the resources to seek best legal advice,
and by quoting Denniston (since I did not attend the EGM),
"His lawyer explained that his declaration is a verbal offer and is contract binding, substantiated by the Trustee which stated that these revised conditions have been recorded in the minutes. A vote for VT would be an acceptance of those terms"
is PGC really sincere in handling the issue?

4) So as of today, the legal status of CHGS is:
a) CHGS terminated + goodwill package approved and binding (as voted FOR on 8/2/2013 by over 99% investors);
OR
b) CHGS terminated only, goodwill package is just a proposal and not legally binding until further EGM in later dates?

This post has been edited by xxx2299: Feb 17 2013, 01:34 PM

This Nanyang's article was based partly on The Edge's news on the morning of Feb-8 before the EGM was held. The meeting referred to here is the EGM that had indeed proceeded that day as scheduled, and the RM25million Goodwill Package had indeed been accepted by the Growers. CHGS is now considered terminated and no longer will be calling any further meeting. CCM will monitored compliance of termination procedures.

To all growers, Tan Sri LKY had given his personal guarantee to pay this Goodwill package. When? hopefully by 28-February-2013...

Thanks for your clarification.

is this means that we still have to wait ? i thought in the meeting the Goodwill package had state that the nett yield 12% (total RM25mil ) will given on 15/2. but till now 17/2, there was no status given by company.

Called CH and received confirmation that there will be no 2nd EGM, while the goodwill package will be paid within 6 months.

Well... at the end.. everyone a winner... but one does make a BIGGER win than the rest...

Sorry. I'm a bit slow. Only realise this big thing today. Shit...
My humble questions to others that know the answer.

When we going to receive our dividend? By this month?
When we going to receive the 10%? Before 14 March?
When we going to receive the 90%? Before 14 August?

Thanks for sharing this reply.


Hence the payments are :
10% buyback within 30 days
90% buyback within six months
12% Goodwill Package within six months

Thanks mkhor!

thanks for the info.

question still remain.
These payment refer to which date? 30days from 8 Feb 2013?