they can say system glicth which lasted until D-Day.

only thing is disappointing that grower only intend to get back their capital that is all they want... .. sad.. but true....

Agenda for the meeting is to discuss whether you wanna sell it or not.
How about the pay back term ?
If they pay back within two years time. I don't think it is fair.
When we bought it, they ask to pay one time.
When we sell it, they pay back installment.

No more story .. now hard facts

figure above by CGHS, not I sendiri reka, cipta or hear so

The actual cost of land is RM39.5M  and now is valued at RM129M
They had spent ~RM93.4M to develop the plantation. assuming a 10k acre that means RM9340 to plant, to develop it. For palm oil industries, this number is too high.

Now they are going to buy back one to one and of course the dividend you can keep. Sound great right? Wrong.
Even you get back every dime of your money back,

You have lost 4 years
You had paid RM215M FOR SOMETHING WORTH RM39.5 + DEV RM93.4 = RM132.9 still over pay by 60% premium

Now you get back your money, Mr Lee will still get
back his RM 12.2 M deed
the land development cost of RM93.4M
the best part now the land worth at least RM129M and belong to him and he didnt spend a dime for the previous 4 years

LEE PAYOUT RM78.5M
LEE TAKE BACK RM12.2M + RM129M = RM141.2M + SPENT OUR MONEY (RM93.4M) which he need not to spend further to develop = RM234.6M in asset and form
NET RM234.6M-RM78.5M = RM156.1M He fork out 0 at day 1 and earn immediate RM156.1M today!

That is how every one should run their company , role model for Malaysia Business Man !!!!

I am wondering which authorities approved this scheme? Looks like the SC has not said a word on this scheme. So far only CCM is the only authority approved this scheme, so I not sure if CCM got the relevant resources as compare to the SC to understand what type of investment scheme they approved?

For me I rather get it at the source... for gold I buy gold mining company (New Crest), oil palm, plantation companies (Various) and oil, oil drilling companies (Exxon), property, REITs. At least I get a piece of the asset, with full declaration and no fleecing like all these get rich scheme...

A lot retail investors are not so market savvy and don't know how to count, too bad for them.

But I realise a lot investors have the mindset of sheep mentality and not doing enough homework before investing, like this case that the traps are quite obvious to be noticed through proper vetting through the prospectus and simple calculation, and worse investors should have known the creditability of LKY. Or all CHGS Growers were having the thought that this time is different and they won't be so unlucky to encounter another trap?

No wor... officially this is called 'contract farming'  but underneath in ponzi...(hidden)...

You don't own the land Mr lee does... you are paying Mr. Lee to 'contract farm' for you and split the earnings. You have no right to the assets, just Mr Lee. 

Basically Mr. Lee sold you a call option (is a derivative right?  ) on the future palm oil crop...

why the marketing cost is 7.6million FIXED throughout the 4 years period?

Technically no, the palm does not belong to the grower, just the fruit... can go and collect your own fruit?

How come CHGS never mention their Lahad Datu plantation, all the talking is on the Gua Musang Estate, even the Lahad Datu plantation is never mentioned for sale? What will happen to the plantation after termination?

refer to the latest letter from LKY. http://www.chgs.com.my/LATEST.pdf.  There is a 19.7mil cost for acquisition of Lahad Datu estate.  Lahad Datu should belongs to PGCB.

How come you propose golden palm?
Would not some parts of the model/scheme have the same flaws or defects?
Are they willing to buy-out CHGS Growers, as they (GP Mgt Co) are also initially enjoying the same benefits in the initial years?