I agree, I will vote for it, but we must set condition like 50% within first 30 days and another 50% in 6 month. Within 2 year is very risky. Anyway, I seeking DAP lawyer for advise.

so anyone here going to attend the meeting?

Hi FalseAlias

All buyers are very angry and disappointed with this Proposal by PGCB.   Until the meeting day, many of us are still confused and grieving over our imminent losses.
But please, fellow forum members here do not need harsh words.

CHGS by their action is throwing the contract covenants into the bin because they claim no foreseeable profitability from the CHGS plantation, and they do not want to "subsidy" from their other plantation and business.   Money talks louder than their dignity.

Our best strategy now could be vote Against their Proposal, then use the meeting to find alternative solutions.  Be prepared for more meetings after CNY with the Trustee and PGCB.
One sure thing by voting Against is that CHGS must pay us 2012 yield of 12% due on Valentine Day Feb-14.

I'm in Ipoh... and CHGS choose a very bad time of heavy traffic to hold the meeting.

We have to find someone to be our proxy at the meeting.

The termination is accepted by >75% of the attendee at the meeting and applicable too for the rest who did not attend.

The CCM will monitor PGCB actions until all terms of termination are completed.
Companies Commission of Malaysia to ensure proper Country Heights Grower Scheme refunding

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

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

anybody received the dividends yet?

sam sam is right.
30 days from EGM date would be 10-March-2013.

KUALA LUMPUR: Plentiful Gold-Class Bhd, the management company of Country Heights Grower Scheme (CHGS), will fulfil its promise to refund the first 10 per cent of the growers' fee tomorrow.

The refund is made following approval of the voluntary termination of the CHGS by a majority of 98.89 per cent of growers at the growers' meeting recently, the company said in a statement today.

"At the meeting, it was decided by a majority vote that 10 per cent of the growers' fee will be paid back to the growers within 30 days of the approval of the resolution of the voluntary termination of CHGS.

"The remaining 90 per cent is to be paid within a six-month period from the date of approval of the said resolution. A total of RM215.5 million will eventually be paid out to the growers respectively," it said.

Plentiful Gold-Class said crossed cheques will be issued and posted to the respective growers.

"In the event that cheques are not cashed for whatever reason within six months and no money is claimed within one year from the date the cheques were issued, the company shall act in accordance with the provisions in the Unclaimed Monies Act, 1965," it added. - BERNAMA

The very end should be 8 August 2013 right? This means still 1 1/2 months for the remaining sum.

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

i read, but it did not mention a specific date, hopefully the earlier the better. thanks everyone to your effort, not forget to mention the effort put in by the minority watchdog group.