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?

The scheme is more or less worded as 'contract farming' so it does not really involve SCC and BI. However being a 'contract farming' the investor have absolutely no rights on the assets. It is not illegal, but investors get zilch protection.

Example MR A owns the land. Mr B gives money to Mr A 'farm' the land with agreed splitting of profits ie 50:50. Mr B used the money to farm but ultimately crop failed, so no returns. Mr B gives back Mr A whatever left of the money, but Mr B still owns the land. 

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 !!!!

All the biggies are using themes of the day to make their big bucks at the expense of the investors..........be it oil palm, gold, silver, etc....

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...

All the biggies are using themes of the day to make their big bucks at the expense of the investors..........be it oil palm, gold, silver, etc....

ALLLLLL these schemes are DERIVATIVEs of the product or assets.

ALLLLL DERIVATIVES ARE SEWAGE says Warren Buffet   

Worse LKY shewed that the expenses included the yield paid to growers frommmmmm ummmm the captal exercise!

Is this not PONSI.??? 

ALLLLLL these schemes are DERIVATIVEs of the product or assets.

ALLLLL DERIVATIVES ARE SEWAGE says Warren Buffet    

Worse LKY shewed that the expenses included the yield paid to growers frommmmmm ummmm the captal exercise!

Is this not PONSI.???  

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

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)...

if i OWNED the land and contract it out, thats contract farming......

This is a derivative of oil palm pl   antation.....no ASS-et    

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?

Yes...thats a good way of describing.........a call option.....
NOW can growers claim the PALMS to be theirs????

GO an DIG them UP!   

They should check WHO the marketing company is......another related party?  

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

They should check WHO the marketing company is......another related party?