Effectively, they only have until this Wednesday to disburse the payment which would mean
early August(after 6 months of EGM.

haiyah still ok if true release on this mid aug
better than nothing

ya stll ok as long they give all the payment this month.

waiting game

Based on agreement during EGM, the payment should be before 8 aug..no more no less!!

if you understand Mandarin, read the below

遵守自愿中止法律条款
绿野种植近期付余款

全国http://www.nanyang.com/node/554327?tid=460
2013-08-05 08:57

（吉隆坡4日讯）绿野种植计划管理公司（简称PGCB）将在近期内，根据2013年2月8日特别大会所同意的条件，支付种植者剩余款项。

消息指出，种植者将收到两张支票，一张由PGCB发出的90%本金退款支票，另一张则是由丹斯里李金友个人所支付的2500万令吉商誉配套。

“两张支票将由PGCB代表律师提交予种植计划的信托单位，即联昌商业信托有限公司（CIMB Commerce Trustee Berhad）。”

据悉，这项安排是为了遵守自愿性中止计划所设下的法律条款，即是通过由种植者亲自主持及小股东监督机构的出席见证下，由98.89%出席者在特别大会上通过的中止计划。

消息说：“通过相关支付活动后，该公司将宣布PGCB已全面履行其对种植者的义务及承诺，并根据种植计划所定正式卸下其对种植者的所有职责。”

thanks for the info

Are you in control, or them?

base on the chinese news, will get the cheque very soon. One is the 90% remaining and another cheque should be the 12% the last year interest.

http://www.thestar.com.my/Business/Busines...ry-heights.aspx

Country Heights Grower Scheme investors receives RM208m

Published: Tuesday August 6, 2013 MYT 10:23:00 AM
Updated: Tuesday August 6, 2013 MYT 10:38:58 AM
Country Heights Grower Scheme investors receives RM208m

BY CHOONG EN HAN

KUALA LUMPUR: The management company of Country Heights Grower Scheme (CHGS), Plentiful Gold-Class Bhd has handed over RM208mil to the trustees of the now defunct scheme.

The monies comprise of three payments including 90% capital refund of RM182.9mil, RM25mil goodwill payment from scheme founder Tan Sri Lee Kim Yew and 10% refund payment amounting to RM200,750 unclaimed money by some growers.

“This puts growers at the receiving end of a total payout of RM319mil as opposed to RM189.5mil raised by the scheme,” said Lee at a press conference on Tuesday.

The company said this is in compliance with the voluntary termination as approved by 98.89% of the participants of the scheme.

The trustees are now tasked to refund the monies to some 10,000 growers in the scheme.

CHGS was Malaysia's first oil palm farm-sharing scheme that provided the opportunity to the subscribers to participate in the palm oil industry in Malaysia.

Plentiful Gold-Class in the last five years had paid a total return of 48%, consisting of a rate of return of 8% per annum for the first three years and 12% over the subsequent two years.

It paid a total net yield of RM78.5mil for the period between 2007 and 2011.

With the additional RM25mil goodwill payment together with the full refund of the grower's fee pursuant to the termination of the scheme, the growers are set to collectively receive a total of RM319mil.

This is compared to the total funds raised at RM215.5mil when the scheme was first launched in 2007.

---------------

hopefully is a peace ending

Finally some good news...

The wait is over finally. Hope the trustee could expedite the process

another news in Chinese...2 more weeks to wait

两周内支付2亿790万元 绿野种植计划退还本金
http://www.nanyang.com/node/554774?tid=460

ok larrr.....hopefully really two more weeks

14 working days or calendar days?

before 31 Aug then?

dunno
better within august

more 2 weeks :S
hope can receive before month end

still waiting larrrr

Fortunately, I wasn't impress with CHGS eventhough after ate "FREE" dinner during its grand inception at PoTGH.

This post has been edited by MOBAJOBG: Aug 21 2013, 01:38 PM