mind pm me your selling price per plot

hmm.. i'm selling my plots through CHGS website
The status is Buying Pending.
What does Buying Pending means?

In transaction already? How long do I need to wait?

Hi 500K

how long did you wait to get your payment for selling the lot?
did they send you cheque as payment method? Thanks

Oh the same number +(603)-894 11 888??? Its hard to get through.
Did they send you cheque or direct bank into your bank acct ?

if sell the plots how much can gain. eg 2 plots

Hi Bros...

Any news about the dividend payment for 2011 ???

Thanks

After Tan Sri LKY "INVESTMENT OF CERTAINTY" become "INVESTMENT IN PANG SAI CHUA" and cause all nation Growers in  worrying state n difficult situation/depress/cannot sleep well/cannot makan well/cannot pangsai well and etc.....Now come another new similar scheme

Who dare to participate? KAKALAI ..... KAKASEEE

http://biz.thestar.com.my/news/story.asp?f...32&sec=business

Golden Agro offers 70% of grower plots to public

KUALA LUMPUR: Golden Agro Plantation Sdn Bhd has allocated 70% of the grower plots, or 29,240 plots, to the public to participate in its Golden Agro Growers Scheme.

Its chief executive officer, Datuk Allan Lim Kim Huat, said the management would retain 30% of the plots in the plantation in Mukah, Sabah.

"Each plot is equivalent to 1/4 acre and will be offered at RM8,000 each. "The scheme offers a guaranteed 7% returns for the first five years (projected at different palm oil prices).

"Currently, the price for the commodity is around RM2,300 a tonne," he said at the soft launch of the scheme here on Tuesday.

Lim said one ha of oil palm could produce four to 5.5 tonnes of crude palm oil (CPO) annually, which made it five to 10 times more efficient than any other commercially-known oil crop on a per ha basis.

He said Malaysia accounted for 39% of the total CPO production and 44% of total world exports.

"If we take into account all other oils and fats produced in the country, Malaysia accounts for 12% and 27% of the world's total production and exports of oils and fat respectively.

"Therefore, as one of the largest producers and exporters of palm oil products worldwide, Malaysia has a very important role to play in fulfilling the rapidly-expanding global demand for oils and fats," he said.

He said the Companies Commission of Malaysia has approved the scheme.

Subject to availability of the plots, there was no limit to the number of plots each investor could subscribe to.

"The plots are freely transferable after two years," he said.

Lim said 100% of the audited net profit would be distributed from year six onwards until the maturity of the plantation in 20 years.

The share of net proceeds from the sale of plantation land then would be distributed upon maturity, he said.

On the choice of the land in Mukah, he said, there was no need for investors to worry as the land was safe and free from the wild animals. - Bernama

http://www.starproperty.my/index.php/prope...wer-scheme-saga
New twist to Country Heights Grower Scheme saga
Posted on February 5, 2013 - Featured, Property News.
MSWG-led group makes counter proposal for scheme’s termination

By WONG WEI-SHEN
weishen.wong@thestar.com.my
MSWG forum on the proposed termination of CHGS. From left: MSWG head of corporate monitoring Quah Ban Aik, general manager of corporate services Lya Rahman, Bushon and associate Datin Rusila Abd Razak



KUALA LUMPUR: The ongoing saga of the proposed voluntary termination of Country Heights Grower Scheme (CHGS) – the country’s first oil palm farm-sharing investment scheme – has taken a new turn with a Minority Shareholder Watchdog Group (MSWG)-led group making a counter proposal to its founder Tan Sri Lee Kim Yew for the scheme’s termination.

The first issue the group addressed was the postponement of the general meeting to a later date, from Friday, so as to have more time for pressing issues to be ironed out.

“Investors are quite concerned about the issue of this scheme, and they feel quite short-changed with the early termination. Nevertheless, they are willing to negotiate certain terms,” MSWG chief executive officer Rita Benoy Bushon said.

Some 60-plus of about 10,000 investors in the scheme gathered at the MSWG office in Kuala Lumpur yesterday to discuss Kim Yew’s proposal to terminate the scheme.

In a phone interview, Kim Yew said: “The MSWG might have actually undermined those who might want to vote for the proposed voluntary termination to pass.”

He said that Plentiful Gold-Class Bhd – the management company of CHGS – had proposed to hold the general meeting on Friday as meeting at a later date could result in the scheme’s default.

He added that as per the trust deed of the scheme, if the management company did not fulfil the payout on Feb 14, the scheme would automatically go into default and would then be handled by the trustee – CIMB Commerce Trustee Bhd.

Kim Yew said the management company was receptive to any proposal the group of investors made. “No matter what it is, there will be some objection. We want the ‘minority’ group to understand this,” he said.


He urged CHGS investors to attend the meeting and voice their concerns there.

Bushon, meanwhile, said the Companies Commission of Malaysia (CCM) had been alerted on the issue. “If no action is taken, the growers will get a court injunction to postpone the meeting,” she said.

She also said the investor group would agree to the termination if CHGS paid the 12% dividend, due on Feb 14. Additionally, 10% of their capital is to be paid within a month, while the remaining 90% is returned within six months.
As had been reported earlier, Kim Yew said the management company was unable to deliver the payout; hence it was proposing to terminate the scheme. If the proposal is approved, then the company would return 10% of the capital within a month, and the remaining 90% within two years.

However, he said the remainder could be paid out in six months or earlier, should everything proceed smoothly.

The management company had already paid out dividends totalling 48% yield in the past five years.

Kim Yew said investors would receive about RM294mil compared with the RM215.5mil amount raised when the scheme was first launched in 2007.

The plantation land will be up for sale via an open tender at a reserve price of RM170mil if the proposed termination is approved. Any difference between the sale price and the total buyback amount will be borne by the parent company Bee Garden Holdings Sdn Bhd.

Earlier yesterday, Plentiful Gold-Class sent a letter to MSWG addressing the queries raised.

Plentiful Gold-Class director and chief executive officer Lee Kim Heong said it was a public company with a paid-up capital of only RM5mil.

“The management company proposed to the grower to consider the proposed voluntary termination based on the issues stated in the circular and those highlighted in our chairman’s statement, given the current plantation output that is unable to generate the expected yield income to meet the yield payment,” he said.

Bushon said if the management company did not accept the investors’ counter proposal, they would opt to go against the scheme and let the process take its course.

“CCM must ensure that these schemes are properly managed and properly governed. Even termination should be properly done so that the market has confidence in such other schemes. It should be well conceived and not structured badly. As an oversight body, you must make sure it is a well-conceived scheme,” Bushon said.

It is understood that Plentiful Gold-Class communicated with Bushon later in the day that MSWG should address the issues through an official letter to the company.

Plentiful Gold-Class would need more than 75% of investors to agree for the proposal to go through.

Would you guys be interested in this scheme, again? http://www.eastwestone.com/

It is something similar, just the the maturity date is 8 years vs. 23 years.

Yield looks attractive enough