not to sound supportive of the move
the article when read mentions that the refund be done in full

with a comment from the advisers that they may not be able to pay in full due to the lower assets

what i meant is instead of return money...
give us share? in case cannot pay back us 2012 interest and principal amount.

Btw, another question, each of us bought the plot with different price... they will return us with what amount? eg. you buy with 7000.. u get 8000(last selling price?), 7000(Purchased price) or 5000(first launched price)?

Can this grower plan merge to the mother listed company ?

I got LKY's 3 daughters punya FB, but don't feel good to put their link here or else their pages will be flooded with complain, ahaha.

Anyway, I feel the manager is not doing his job in protecting the interest of minoirty shareholders and give the promised yield of 8% to 12% as promised.

If the company terminate earlier and only returning our capital in 2 years later, most probably the company has breached the agreement of giving a guaranteed YTM of 8% to 12%, so we could sue the company on this basis.

Or we could just fire the manager and run the company by ourselves since the company has planted palm oil for almsot 5 years and I think it's time for us to ripe off the benefit from mature of palm oil yield by ourselves.

No way they can kick us out by getting cheap fund from us and sharing their risk to us in the initial stage and now try to kick us out when time to ripe fruits without sharing the return back to minority shareholders. A typical situation head you win, tail we lose!!!

Dear all, I just came to know that there's such thread exist on LYN for this GHGS, well, I do not have the time to go through the whole thread, at least I will view all the posts after the circular date i.e. 17 January 2013.

I personally not an investor in this, but my family members are, I have also just briefly read the circular a little, and according to my understanding from my dad about the scheme, I feel it's really a big rip off from the management, I personally think this termination is crap.

I feel like reading the "termination" clause of the scheme in the Trust Teed dated 2 March 2007, according to the circular, pursuant to clause 17.7, GHGS may voluntarily terminate by resolution passed by a majority in number representing ¾ in value of the Growers present in person or by proxy at that meeting.

Do anyone of you have sighted the trust deed before? This trust deed was draft in such a way that it only protect the majority shareholders.

Can we roughly know what are the numbers are we expecting at the meeting and the numbers of voting against this termination?
It says by a ¾ in value, I feel they themselves and their proxies would have already out-numbered everyone of us (minority) present at the meeting.

I feel it is time, for all the minority like us, to put up a fight/strong will to oppose against the big guns.

What are the consequences of not terminating this scheme?

I will join the facebook page later, cant access it in the office.

Not sure....take care of ourselves first...

The General Meeting will only be held this Friday, 8 Feb 2013. They need 75% votes, either by in-person or by proxy.

Watch out for some not clean tactics to deny certain proxy holders from attending and/or voting.