I've few plots intend to sell under MP due to need DP to buy my 1st property ....so, please feel free to pm me if u r interested ya !!!

What we need to worry about is, we need to agree all their term and condition.
Mostly their term & condition is all protect to their site.
When you already bond by contract, it;s very difficult to release.
Must read carefully and understand everything before join.

U can't sell now until around feb
They are doing audit now, they close the buying and selling
Also you will need to find your own buyer as they close the company buy and sell site

So regretful to have bought this scheme. So difficult to sell... Pary it is not a scam

you have to find your seller for any trading for thsi scheme
they close their online website and dont encourage buying and selling as i was told

have you sold yours?

if sold, can share a bit about how process?

.

This post has been edited by whyhellothere: Jan 8 2013, 01:57 AM

They are calling a general meeting. Investors of the scheme can attend

was told it going to be major bad news
plans to wind up the scheme or something else equally bad

this was told by the office of chgs

This post has been edited by sam sam: Jan 17 2013, 01:19 PM

Your info better to be accurate. Don't simply spread rumour bear on hearsay otherwise
it'll land you in hot water as it concern investor's interest

Was told earlier by an early poster and 2 weeks ago and confirm yesterday from my agent
And arcording to the office as i call them they plan on buying back the scheme
Isn't that bad news

Ya bro better be clear , after hearing your news my legs start to shake ....
Is diferrent wind up and buy back woh ???
wind up usually is not doing well and according to the bankruptcy law,
all the available funds will first pay to employee of the company and
follow by creditors and inevstors will be the second last or last woh ...

Where Buy back is diferrent, it can be doing extremely well or so so .
When buy back the company can gain 100% of the interest and more importantly
easier to make way forward for business decission .
off course a lot more consideration for taking into private ....

Do updates us if have more info.....
Thanks for your update .....

Dude, wind up and buy back is a totally different story altogether.
Please clarify properly on which is what~!

Officially it's buy back as per the conversation with office

But hearsay from people who knows people inside from 2 sources
Is that the plantation is not doing too well quite bad. This info quite believe able as the prospectus do mention

So wind up might be a possibility if the buy back is not approved. They need 70 percent to approved the buy back. Also buy back could be buying back at initial price only.
Also has no word yet on whether they are issuing dividend as per the office. Does not sound good

So best to come for the Agm on the 8 th feb.

According to the agreement signed, if the CPO is staying above RM2100, investors are entitled to 12% of dividend.
Obviously, the CPO prices were above RM2100 through out the year, so they should pay out at least 12% dividend

be careful wt all these oil palm planter’s scheme .some get a letter saying they R going to terminate the scheme....will get back 10% in 1 mth & balance within 2 year IF they manage to sell their land else burn

There are various of these schemes. CHGS is one of the pioneer and by renown businessman. If this turn out to be a scam, we'll going to
buy their Dream City without paying single cent

Lets hope they honor their deal and pay out dividend

Have received the letter of meeting for Growers and it's confirmed that CHGS is in deep trouble!! The planting of palm oil faced many challenges and the board of directors decide to call a meeting for voluntary termination.
I hope they will refund the Grower's fee in a month and not in 2 years Also please pay dividend for year 2012 which is due for growers. Never will I trust any stuff or investment from this Tan Sri again

This post has been edited by netcrawler: Jan 20 2013, 08:39 PM

i hope so too they can pay back asap and give out the 2012 dividends. However very likely if they can buy back the scheme, in about 2 -3 years time they will be making lots of money

oil plantation cycle is that profit is low until 7-8 years that is when the plantation trees are matured. From then until about 16 years will be making big bucks as the trees will be matured

so if chgs buys back then they dont have to pay dividends anymore and just enjoy the big bucks

can you helps us to list down what is on the note
so that all of us can see, sometimes the notice comes in late

This post has been edited by sam sam: Jan 20 2013, 09:01 PM