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 Country Heights Grower Scheme (CHGS), anyone heard before?

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Rubberban
post Jan 30 2013, 05:06 PM

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Hey guys, i have one friend working as media and i get information there was one letter sent out by Tan Sri to all the Growers, i am waiting for him to send over the letter.......
Rubberban
post Jan 30 2013, 05:28 PM

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I have no idea also, but i heard like it was issued to answer Growers' questions, let's see what is the content of it, shall be getting it anytime from now.
Rubberban
post Jan 30 2013, 05:44 PM

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got it, reading it now.


Attached File(s)
Attached File  Letter_to_Growers_from_CHGS_Final.pdf ( 1.66mb ) Number of downloads: 251
Rubberban
post Jan 30 2013, 05:46 PM

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ok, after finished reading, i get the point is:-

Initial raised - RM215.5 million
Payout dividend - RM78.5 million

Let's say they are going to perform one-to-one buy back, which means they are going to lost the RM78.5 million? Cause somehow they have to pay out the initial raised which is RM215.5 million

Can someone clarify for me?
Rubberban
post Jan 30 2013, 08:09 PM

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QUOTE(kinwing @ Jan 30 2013, 06:25 PM)
Minority Shareholderws Watchdog Group ("MSWG") has taken the lead to step in garnering support from Growers with a forum in relation to the Proposed Termination to be hold on the office of MSWG rclxms.gif .

I hope everyone minority investors who really concern on how to defend their right in CHGS should take this chance to attend the forum hold by MSWG.
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May i know is it available for every Growers? I am very interested to know what is the decision of it, i think the date of 8 February is really ridiculous!
Rubberban
post Jan 30 2013, 08:18 PM

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QUOTE(mkhor7 @ Jan 30 2013, 08:14 PM)
yes, please attend :
MSWG is organizing a forum for the Proposed Voluntary Termination of Country Heights Grower Scheme.
The details are as follows:-
Date: 4 February 2013 (Monday)
Time: 11 a.m.
Venue: MSWG Training Centre
Minority Shareholder Watchdog Group
11th Floor, Bangunan KWSP
No. 3, Changkat Raja Chulan
Off Jalan Raja Chulan
50200 Kuala Lumpur
Please register to ensure you are able to participate in the forum
.
Growers are invited to register with the following personnel
:
Ms.Zairina at zairina@mswg.org.my
Mr. Vinodth at vinodth.ram@mswg.org.my
Contact number: 03–2070 9090

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Thanks bro!
Rubberban
post Feb 8 2013, 12:25 AM

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QUOTE(FALSEALIAS @ Feb 7 2013, 09:03 PM)
?!!!

WTH IS WRONG WITH EVERYBODY?

WHY THE PREMATURE VICTORY CELEBRATIONS?

ALL WE HAVE CURRENTLY IS A BUNCH OF WORDS THAT IS NOT ADMISSIBLE OR ENFORCEABLE IN COURT.

WITH NOTHING IN BLACK & WHITE - THIS IS JUST A WHOLE LOT OF RUBBISH TO SWAY VOTING DECISION.

THE PAPER MAY HAVE EVEN MISQUOTED HIM... THATS EXACTLY WHY PAPERS FREQUENTLY ISSUE RETRACTIONS!

LKY'S 'PERSONAL GUARANTEE' MEANS LESS THAN TOILET PAPER... I REMEMBER ANOTHER PERSONAL GUARANTEE TOO > 'INVEST IN CERTAINTY'... HOW DID THAT TURN OUT?

MAKE NO MISTAKE - LKY'S WORDS ARE USELESS IF NOT LEGALLY BINDING IN BLACK OR WHITE OR EVEN REALISTICALLY ENFORCEABLE (MEANING, WHAT HAPPENS IF HE DIES? OR DECLARES BANKRUPTCY? OR ABSCONDS TO A DIFF COUNTRY?OR IS FIRED/RETIRES/DECLARED INSANE/UNFIT TO CARRY OUT DUTIES... OR A THOUSAND OTHER LOOPHOLES THAT MAY MYSTERIOUSLY APPEAR LIKE THE PREVIOUS RAMPAGING ELEPHANTS, TEMPESTUOUS WEATHER, SUDDEN MAGICAL TERRAIN SHIFTS, ETC)

...HAVE WE NOT HAD ENOUGH OF HIS BULLSHIT?

WHY DID HE SUDDENLY DECIDE TO OFFER 'RM25 million' AND 'I will ensure that the growers will be compensated within six months instead of the two year timeline stipulated in the circular.'?

IF HE TRULY MEANT 'out of goodwill' > BOTH THE ABOVE WOULD/SHOULD HAVE BEEN IN THE VERY INITIAL AGM LETTER!!!

SO, WHY THE SUDDEN LARGESSE IN THE LAST MINUTE?

...SIMPLY COZ HE WAS CALLED ON HIS BULLSHIT SHODDY BULLYING UNDERHANDED TACTICS & KNOWS THAT THERE'S NO WAY HE'S GONNA GET MAJORITY NOW - SO BETTER CHANGE TACTIC & GIVE BS NON-ENFORCEABLE VERBAL ASSURANCES & TRY TO PERSUADE FOOLS TO BITE THE BAIT SO HE CAN GET THE VOTES.

HAS ANYONE EVEN CALCULATED WHETHER 'RM25 million' IS ENOUGH TO COVER THE 12% DIVIDEND FOR ALL GROWERS? PLEASE DO SO & POST UR FINDINGS HERE.

BOTTOMLINE:

VOTING AGAINST VT ONLY STRENGTHENS OUR ABILITY TO GET OUR 12% DIVIDEND & ROC WITHIN 6 MONTHS, AS WE'LL BE THE ONES HOLDING THE POWER & CAN DICTATE THE VT TERMS (WHICH LKY HAS ALREADY SO-CALLED AGREED TO BASED ON THE ARTICLE - MEANING ITS A SLAM DUNK FOR US ANYWAY... WITH THE DIFFERENCE BEING WE STILL RETAIN THE POWER IN CASE HE TRIES ANYTHING IN THE LAST MINUTE). SO, VOTING AGAINST VT IS INSURANCE FOR US TO ENSURE LKY COMPLIES & FULFILS WHAT HE SAYS IN THE ARTICLE -  BECAUSE WE'RE THE ONES IN CONTROL!

VOTING FOR VT ONLY WEAKENS OUR POSSIBILITY TO GET WHAT WE WANT AS (CURRENTLY) IT'S ONLY MERE WORDS BY LKY & NOTHING IS LEGALLY BINDING. HE CAN JUST AS EASILY RELEASE A PRESS STATEMENT LATER SAYING, "I CHANGED MY MIND. TOO BAD. HAPPY CNY"... AND THERE'S NOTHING WHICH CAN BE DONE AS WE HAVE GIVEN AWAY OUR ONE AND ONLY (ALL POWERFUL!) BARGAINING CHIP. CHGS WOULD THEN HOLD THE ENTIRE POWER - & WE'D HAVE NO INSURANCE AGAINST THEM TO ENSURE COMPLIANCE... & LETS NOT FORGET THEIR HORRIFIC RECENT TRACK RECORD OF NOT HONOURING THEIR WORD/TRYING TO TAKE ADVANTAGE OF US... NEED I SAY MORE?

LOOK, IF LKY REALLY MEANT TO GIVE US 12% & A FULL ROC WITHIN 6 MONTHS - ALL HE HAD TO DO WAS CALL OFF THE AGM TOMORROW, REWRITE THE TERMS OF THE VT TO INCLUDE THE LATEST 2 AMENDED PROVISOS, GIVE US OUR 21 DAYS AGM NOTICE & THEN PROCEED TO HAVE A VOTE UNDER THE NEW VT TERMS.... DID HE DO THAT.... NO!

END OF THE DAY, YOU MAKE YOUR OWN DECISIONS & YOU LIVE WITH THE CONSEQUENCES.
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Bro, can you please cool down? Be practical please, when u vote AGAINST, what will happen? what control did u get? the trustee will involved in and NOBODY knows what will happen, u face the possibility of not getting ur initial invested money also.

Tan Sri already made his statement on the newspapers/media, i bet he as the tycoon and one of the leader in property, he would not gamble his reputation like that, obviously everyone will chase after him if he did not fulfill his promise.

So, why dont we be practical a bit? just get back the dividend last year and the full refund within 6-month, whether u still believe in him or not, that is another story, getting back the cash on hand is the most important thing.

One more thing, u thought calling off an AGM is so easy? those people traveled from penang or even sabah, r u going to compensate them?


 

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