Yes u are right. RM440 for first 3 years at the rate of 8% of your rm5500 investment.

hi guys, sorry to interrupt in like this.
i was searchin for tech stuff online, and i suddenly bumped in this topic.
which i am actually one of the company consultant, and been sellin this grower scheme for many mths now.
anyways i would like to lend a hand in answering most of your doubts.

juz a intro to u all.
name is Andrew. Im based at The Mines Business Park 10th floor, Balakong, under Mines Marketing Sdn Bhd.


i'll try to answer most of your questions.
Juz a simple refurbish to ya all, we at CHGS believe this is something very new in the market, which has unseen potential on the long run. This program basically benefits both parties, you and the company, and a chance to own a land for 23yrs without having to manage it. i would say its wise to diversify some in here, and still go on with the other kinds of investment out there, nv put everything in one basket.

i'll stop here, and i'll be glad to assists any questions u hav.

happy 2008!!

I'm in KL. You can PM me if needed.

@neocappuccino

I think a lot here had the same question as mine if you've read through this thread. i.e. does CHGS had any "buy back" clause in the agreement signed?

This post has been edited by b00n: Jan 7 2008, 01:11 PM

@neocappuccino

is there any 0% interest installment plan?

Andrew,

What % already taken up?

Please feedback to yr management. Many people here main concern is ability to resell the plot easily. If your company can afford this feature, then the product can be sold quite easily.... Maybe CHGS can buyback at a discount??

Thanks.

Agreed. What is the exit plan, if any? Any discount if buy more lots? 8% per annum is based on what, the price of purchase ie RM5k/RM5.5k/RM6k?

hi guys...din expect to see quick reply.
yeah i read through thread, and i notice most of the concern is about the exit plan.

basically i believe most of ya read the agreement and prospectus which can be freely downloaded from our website in pdf format

www.chgs.com.my

there is no clause that d company will buy back, but has the first option to buy back, if you choose to do a transfer in the future. And also in the agreement the company is not forced to buy back....which makes things quite complicated sometime. Lawyer's fault...like to put in bombastic words which hard to understand.

a few options to make it easy to understand

1) the company will buy back from you, if you choose to release at par value / purchase price.

2) u hav to hold a minimum of 12mths upon ur investment date before u can do any transaction.

3) investors are free to use the company website to publish their lots for sale (Free Of Charge), that space is still under construction.

4) any transaction / transfer hav to go through the company, which in another point of view, has control over every transaction, to prevent abuses and to protect genuine investors.

mmmm doesn't seem to miss out any i guess.... feel free to ask me more.

launching price was RM5000 for one plot or 1/4 acre
now its sellin at RM5500 for one plot or 1/4 acre
the price will appreciate to RM6000 a plot in the mid of FEB

those who invested earlier, meaning last year will get their first dividen this 22nd January 2008 Friday. And a gala dinner will be held at Palace Of The Golden Horses on the same day. The board of directors will be there, and all of the consultants will be there too.

we hav weekly events on sat and sun .... a talk bout our scheme.
feel free to contact me if you were to sit for the talk, its free but limited seats.
3pm sat and sun, palace of the golden horses.
u can drop a msg here or call me at this number

016-3170935 - Andrew

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Added on January 7, 2008, 6:20 pmeer no discounts, even we consultant who invested also no discounts....
ur 8% us based on the lot u purchase....for example

RM5500 x 8% = RM440

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Added on January 7, 2008, 6:24 pmcurrently we hav a few campaign for credit cards

past campaign are

maybank platinum card holders enjoy 0% installment plan for a year

citibank platinum card holders enjoy 2days 1 night stay at palace of the golden horses for 2plots, or 2days one night stay at palace of the golden horses and a body screening checkup at palace too for 4 plots.

UOB platinum card holders enjoy 0% installment plan for a year.

these are the ones we hav right now.


This post has been edited by neocappuccino: Jan 7 2008, 06:24 PM

Please do take note that if the agreement didn't stated those options, it makes the following options 3) and 4) valid when things comes dirty.



Company will not liable for any consequences other than that stated in the contract. That is why the information contained in the agreement is very important. Unless you can point to us which phrase in the agreement stated those information, else it'd be consider a riskier investment than REIT.

Are u saying existing investors are invited for the gala dinner on 22nd Jan and to receive the first dividend cheque??

mmm bro, this is a long term low risk investment plan.
we are hoping everyone will look this as an alternative to the bank's FD.
because on the long run, the yield is better and stable, because of the rising demand of oil palm.

normally we all concern bout the exit part of it. but on the 4th year and above, if you are getting 12% return and mayb more, would u want to sell? most ppl wont think of doing that. because u cant find a real good stable return out there.

so wat i always tell my customer is, if u really want to sell, pls look for me. i'll find buyers for you. but if u would release at the cost price, everyone would want to buy from u, because of the better returns after the 4th year.

if you think bout this ... you know wat u will do after tat. but arent most of us always think that, what if rite?
if you calculate on the 4th year, you already earn 8% for 3 yrs which makes to 24% in total.
if you want to sell, u can sell per certificate, because each plot holds one certificate.
so 4 plots will hav 4 certificate.

u can sell piece by piece which is not hard to sell, even i might consider taking ur plot in future.
if we can wait till maturity date, meaning after 23 yrs. u dun hav to find buyer, the trustee and management will do it for you.
and you get ur capital + capital appreciation.

i hope i answer ur question, feel free to ask any....dun worry its my duty anyway.

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Added on January 7, 2008, 6:40 pmyeah, investors are invited...but its limited seats, the place only can hold up to 1000 ppl
board of directors will b there, with performances and stuff
its objective is to let the investors meet one another.


This post has been edited by neocappuccino: Jan 7 2008, 06:40 PM

1st, you didn't answer my question. Can you pin point to us which phrase in the contract stated that the management will buy back at par/ search for buyer on behalf of the investor?

2nd.When we do investment, we consider liquidity. This is a very important element. Not just profit.

3rd. Please do take note that every investment there's a risk carried, the return you calculated is based on CPO prices unfortunately, so, anything to do with CPO has direct effect on your return.

Im not pouring cold water, just something every investor themself should take note.

By the way, neocappuccino, thank you for taking the time to answer our questions. However, please be prepared for real questions and skepticism too. How can we get more information and eventually sign up? Where do we need to go, who do we need to meet? That gala that you spoke about, is it open to potential investors like us? How do we get invited?

in the agreement, page 9
clause 8.2 Notwithstanding clause 6.4 above, in the event the Grower intends to sell/assign/transfer a Gower plot, such grower must first obtain the written consent from the management company who reserve the right to refusal in the respect of such sale/assignment/transfer

this clause state that the company wants to protect the market, management has a control, and to also protect genuine investors.

if you were to release at a terrible price, or spoil the market, company can act quickly to prevent tat from happening.



the website space its not in the agreement, but u can ask every consultant we are told from tan sri himself and the marketing company itself, that investors can later put their plot on website and its FOC.
all interested buyers will put their attention there.

Nope. This clauses just stated that the investor need to get management approval before proceed the transfer/selling. What i'm concern is

dun worry bro, i meet this kind of thing every single day.
im used to it. yeah i understand.
the risk is yeah, at the CPO price. but past few mths when im sellin this, everyone is concern bout the CPO price will drop. but nowdays, tat not the matter anymore. because CPO price can achieve 4000, currently its around 3000++.
i hav even some directors tellin me it can achieve 5000, which in my personal opinion is quite hard.

my opinion is this, CPO will come down at a stable value, around 2400 - 2600 by the year 2009
its only logical it will be there, cause inflation is not good for anything.
as long the CPO is 2100, investors get a return of 12%. the return of the land is another return u havent add up.

overall u can expect around 13% on the 4th year.
around 15% on the 8th year
and 17% on the 10th year above cause the trees are mature.
after tat its all the way to 23rd year...

Can you please answer the first question before procedding other? Im sure most of us wants to know more about the exit plan to evaluate the liquidity of the investment.

(update)
pls check this clause
6.4 page 8
The management company shall not be obliged or required under any circumstances whatsoever to repurchase any Grower's Plot from any Grower during the Term of the Scheme.

what i understand from the lawyer, after he explained to us.
No guarentee buyback, grower able to write in to request company buyback.

i hope tat helps

tats wat the lawyer says when we had a meeting with him many months back. im not tellin u somethin without consulting with the lawyers. cuz he is the one who wrote these clauses.

if you would want to get in great detail, i can help to arrange a appointment with the lawyer. cuz we done it many times

or you can all come to the investment seminar at palace of the golden horses, every weekend 3pm.
its a short presentation and get a better understanding of the whole scheme.

juz contact or sms me, and i'll try to arrange a seat for u. nothing to be shy, no obligations to invest if you dun feel comfortable.

016-3170935
Andrew

This post has been edited by neocappuccino: Jan 7 2008, 07:07 PM

I understand what you trying to tell us. You're trying every way and means to convinced us what you've been told by the lawyer. But one point i would like to make you understand is, whatever stated in contract has legal effect, whatever not stated in the contract is not binding. This will void what you've said just now. Except point 3 and 4. In this real world, we trust no body but contract.

The effect of it: Investor have liquidity problems when they intend to cash out for emergency use. This is unpredictable. Or when the return generated is not good enough. Or when the management having trouble to deliver what promised. There's more risk associated than you can imagine off.

Making an investment is a very crucial decision. That's why we need detailed information for decision making.

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Added on January 7, 2008, 7:13 pmThat's what im trying to said. They make it very clear that they are not obliged (means binding by the contract) to buyback the plot from any investor. This makes the investment very unliquid.

This post has been edited by keith_hjinhoh: Jan 7 2008, 07:13 PM

point taken...
i know agreement means everything strongly agree . but im sharing wat i know bout it with you guys wat i hav learned when im with this investment product, and bcuz im being updated every single day. im from marketing side, so there are options which is being approved by management company which i mention to you.
i think to help further strengthen this, if u need written black and white state u can sell on our web, in the form of a official letter signed by our GM and me as the witness, i would be more than happy to do it for u.

mmmm bout the return part, u get ur return based on CPO regardless of the land condition. the management company hav to cough out the dividen back to investors. if management failed to deliver promise, trustee steps in, appoint new management company.

the trustee is holding the master land title of the land, and all invested money goes to the trust account. Trustee is BHLB.

company stake is 50% of the 10,000 acre land.
company don't produce, they rugi 50% which they wont want and dirty their name.
program is approved by SSM (suruhanjaya syarikat malaysia)

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Added on January 7, 2008, 7:37 pmyou can contact me if are interested to know more, i'll make an appt with you. i can help u to sign up.
u can contact me through this number
Andrew - 016 317 0935

the gala is for every investors who invested wif us. to get invited u need to first invest with us
sry for tat expression.


This post has been edited by neocappuccino: Jan 7 2008, 07:37 PM