To me is Mother of all con and it was done publicly, legally and still can sleep at night.
If BN mean business in becoming people government, BN should put Tan Sri Dato' Paduka Lee Kim Yew behind bar for abusing Rakyat like us.

The investment is solid plan. Its a feasible, economical viable and realistic program. The only thing that is "grower" is the minority and the "company" take advantages from "grower". If Tan Sri play fair and gentleman, everyone is a winner. But now it seem they had played the "growers" from day one, someone sit on the meeting table and suggest.. "If the company aren't ready to spend 5-7years waiting the palm to grow up... why don't we use our goodwill to ask people invest in with over price option which will cover our ass and their stupidity over the years? At the end, sure we can had some clause to make them look like an idiot and we are harmless from any liabilty"

So, here play the part of the great sound great plan scheme. If the 20% gold scheme people think is real, then this plantation related investment with 8% is damm real.

The people is totally not at fault here, is a reasonable return scheme, a solid company backing and a genuine asset to be invest in it. But the "company" use their resources to make sure they get the fund in, and make sure everyone is happy for the initial period and then make sure when time is right, then fv you .

Its all legal and nothing the "grower" able to do anything.. just worst to worst.. company wind off .. sell the assets and see what it left... but wait... you are not the share holder, or even close. All scheme participants only buy their rights in participation and earn their share of participation. No clause claim that your enrollment entitle you to title of any plot or even any share in the offeror "company". Just like trust fund, you trust your fund in other people hand you dont own the company that sell you the fund.

Just let say, the "grower" finally able to achieve a victory to enjoy priviledge of the assets, the land is est at RM129mil instead of the RM215mil paid. So if the luck is good, the asset said fetch a RM100mil, your capital had lost over 53%, the max you can expect your capital return is 45-50%

KEEP IN MIND, the return rate is guarantee, but not the capital, if the 'company" decide to pay you back your 100%, the "grower" still wasted their 5 years and also the supposing profit sharing which is rightfully belong to the "grower"

The government has to step up and teach them a lesson, not to team up with them and hurt us. People the rakyat alot save up years and years just hope to able to make sound investment. If PLC can do this to us, then why not the government as well ?

Few things the grower should be clear in your head by now

1
CHGS plan to return the 100% capital to you over the next two year. To them, they are doing a miracle job and merciful enough to the grower, because you earn your interest and get back 100% of your money. But the real truth behind this merciful act, they are the big croc eating up all the next 23 years fruitful years and the land is theirs.

In simple your, you think you are an investor or share holder, but in real world, you are not, you are just like putting your money in the bank and the bank promise you the fd and capital return at the end of period (PIDM, limited to certain amount only, but is limited to saving, not to other bank related product) The difference of bank and CHGS is that there is a risk, risk like winding up, or like today a 'legal' con manoeuvres that swallow you up

2
The five reason that they give you, is full of BS. because the 5 reason is the 99.9% found in most plantation company, ask SIME, ask IOI ask KLK, ask IJM , or lower ourself ask the next door grower who plant only 10acres.. is all the same problem and is all solvable without too much problem.

3
Regard some people ask why the Tan Sri or fellow mate only have little interest in the scheme? Because to all grower by now you should realise, what the scheme is all about is only buying the interest of "participation" not the real "asset". You can have 1000million pump into this scheme, but your participation does not allow you to control the company interest or even owned the tiniest bit of the offerer share.

Even the TanSri owned 0 plot, he/his companies still own the whole land on the multi million 'grower' invested.

4
Votes? what votes? SAD but true, when the company setup this scheme, they had already anticipate this to happened. You know now how "dark" business world now.. haha
so even after the meeting, you get your real hard ass to ask for a vote rights. (Which not possible to reach this state) the vote you got in hand will be quantified into a small minority that you never even got the chance enough votes to go for minor majority

5
They taken all steps require by law and here is what their advisor say

they say is fair and reasonable and .. underline you may not get full refund...
what a great advise...
Of course when your company is facing liquidation or financial problem you might not get full refund... you dont need a law degree or CPA to tell me that..
what the advisor had done to turn the situation where a positive outcome ? 0 !

So you think the grower will win the battle or the bitter ?

1. the Management Company has not informed us properly ahead their reasons for this very important matters to terminate CHGS.
Meeting had been announce in newspapers and also published in CHGS web timely.

2. No proper latest audited accounts were given to prove their claim of poor results.
ALL account it audited by legal, certified accounting firm

3. the Trustee has not shown the degree of care and diligence as a trustee in this matter of termination - investors were not informed ahead for us to express our opinions, etc.
WE already hire professional and organized 3rd party advisor for such matter

4. date of meeting was timed that was not convenience to concerned investors to attend
COMPANY does not run according to personal favor timing or conveniences of shareholder, but according to the importance of meeting. Which this require immediate attention.

5. <most likely> attendance at this meeting was below 50% of all investors. Termination requires approval of large majority of investors.
All meeting conducted does not require minimum amount attendee, miss attendee consider vote out and only attending voter votes count.
Unless.... (when you signed the scheme, this situation is stated clearly and % of voter require to start a meeting or dismiss one to be written in black and white)

very std answer which will be use as answer frame work... people need to look this matter in the other perspective. Simple Q&A wont able to help the growers and only let CHGS performed their stage work even smoother....

FACT: THIS agreement is only profit base, and is not profit sharing



This clause is a brilliant one... it prevent very minority like 1 plot grower to combine plot into one newly form holding, where the holding able to bargain and wrestle with Tan Sri


The agreement is somewhat simple and easy to understand, no clause mention about termination only this
They key word is : Mutual
bear in mind growers, this is to grower advantage now...


here is the best and funniest part
grower advantage too because in your sign agreement the offerer actually agree will do the above for you, so if they does what they say, the 5 reason they say the plantation is not sustainable does not hold

However, this agreement got serious flaw
1- This is a business scheme, so profit comes along with risk of losses, but in this scheme there is no losses scenario. and what happen if losses happened. Does the grower need to add capital along if losses occur? In this agreement is not stated, so is safely assume this project is only profit and impossible to losses, since is not profit sharing basis, and this scheme is profiting from the participation of growers

The growers can make a case at lower limit line, where they ask CH continue to honor this agreement till the expiry @ min of 11% if CPO held above RM800 ( which seem impossible to drop below that)

2- In the web they telling at the end of agreement, the land maybe put on sale and earning distributed among growers... but this is definitely a no no in agreement..

This constitute to "fraud" level, because its clearly stated in agreement, is profit base, and no title owned, and you are not entitle to share earning with offerer company, and yet they put in their FAQ , "..The sales proceed will be equally divided to Growers based on the number of plot owned..."

The growers need a team of lawyers, not one good lawyers...

If grower able to vote for the first NO in the first meeting, I would really suggest the minority elected representative team to look into have a meeting with Yayasan Kelantan to play the politic card..... you never knows who is on whose side afterall....

The trustee is BHLB so I believe the CIMB Commerce Trustee Berhad (formerly known as BHLB Trustee Berhad) owned the list of all growers , please call them up and double check with them at Tel : 03-2084 8888

Few thing does amused me ...

1. The CHGS had already pre assume that the termination is going to carry out ( some how they can see the future)

2. Most grower does not see the real truth of the dark game CHGS is playing, but instead only worry about their capital and time frame of returning the money. This is very sad, because I understand too if anyone who save for years to buy the plot, really will give up their rights to protect their rights, but rather trade in for safe return of their capital investment
( Same scenario for people who wont not trade current stability for a possible better future with current opposition, maybe is a culture for us)

3. CHGS had already protected them in terms that is favor them, but if the growers wish to take their first step against the goliath, I am sure the small growers will set a precedent to take down them, especially we got the +1 with Yayasan Kelantan....

The growers need the right man to play this game or else.. it just another silly AGM meeting which favor the board .. perhaps... the meeting come with a very luxurious high tea

as I presume.. there is nothing you can get out from them... but from their website and sales prospectus, they had already committed an offence which miss guide, but that only lead you to the full refund, which the CHGS is willing to do ...

what they are not willing to share is their profit in the future coming 23 years....

growers need to fight on their legs and make sure they full filled the agreement which is till the expiry

but to get to that point, first growers must appoint a legal team before the meeting is held and decision made. after that point, growers had 2x the difficulties

the agreement growers signed, is clearly a very grey , even though favor to CGHS not not entirely, there is room big enough to stick till the end...

only thing is disappointing that grower only intend to get back their capital that is all they want... .. sad.. but true....

LETS play a game..

Ali want to plant coco, but he got no money. So he go back kampung tell people his great plan. He collected money from them and promise a interest
of course if Ali fail, then the money will be gone ( For sure he wont tell that in their face, but people who invest should known better)

Ali get the money and ready to plant coco, but then he got brilliant idea, why dont I go buy the land and coco seed at 2x the prices so I already untung before planting it. He did so and rewarded himself handsomely

Now the coco is plant he need to wait so he can only sell the produce, but villager is anxious and some can't wait so long... Ali know he need to pay them, so he take out a small portion of the untung part and pay back the villager..

Villager is very happy as promise full filled.

Year past and now the coco is ready. Ali know when is done , they all will get fair profit.. now Ali start wonder.. why shall I come up with this planting idea, do the work , and yet I need to share the profit with the rest of the villager...

So he decided to go back his kampung and tell the villager, the coco plantation is failing and is impossible to earn any money. But because we are sama kampung, so I will repay back you all in 2 years time maybe 3.

After 3 years time and another 23 coco still being produce, Ali still owned the land and become multi billionaire and the best part is , he taught Lee the same trick too

take a twist here....
we are no longer in the dark grey world...

imagine this ......

when Ali decided to pay back the money to the villager, one of the kampung guy say NO, the rest follow say NO.
They all report polis and also complaint to the sultan
Now since is in dispute, the land is caveat and the sultan say no one allow to remove any coco from this land until the dispute is settle.

Do you think Ali is stupid enough to mess his golden coco drop from the tree to floor for like few years time until the dispute is settle or Ali is ready to re nego ?

you are right, you are the minority , how are you going to change the manager ? This coming meeting is only giving you a chance to show your face, is not even a genuine meeting at all.

It doesn't matter 1 plot or 10 plots or 100 plots, the plots are only for investor show and tell. And you are only investing in the "participation", you do not have any rights, or any share, or any linked to the company. In simple words, you are not even allow to profit sharing with the company.

You can owned the whole 10,000 plot grower scheme, and CHGS still can kick u out from the scheme anytime at their mercy. Because you do not hold an interest in the company... people should read carefully what they sign, not based on understanding

""You don ask, I don tell
I dont tell because you didnt ask""
above is a fair defense for many years until recently in alot of country where intentional hiding is consider a crime
actually when you buy fund, bank is oblige to inform you that there is a risk of losing all of the money but when you buy this grower scheme, have anyone told you about the risk and what happen when you lose money ?

IF there is a big typhoon come and sweep away the plant... then follow by a very big herd of elephant come to damage all the plants... then one damm big factory pour millions of ton acid to the land ... then for months no rain fall.... then only CHGS come tell me , sorry brother.. I really don't know what to do and i think we can;t continue planting the palm.. let just sell it off and see what we get back

at the end I get back RM 1.00 I do still hug him and want him tobe my partner next time.

Now CGHS only only squeeze us from day one and now even want me to lose capital for his own sweet villa, I cannot tolerate anymore of this in business conduct. It just ain't right, the government is suppose to govern them, not helping them with all those giant term and phrase to make us look like idiot.

Maybe we should write in a memorandum to our Jib Kor, and see what he going to , pro company or pro rakyat.

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 !!!!

The figure I put up there is only based on over 4 years period. Is not actual figure.
Because marketing cost, development cost and dividen is live, and there fore I divided it into equal 4 years for "show and tell" purpose

Actually all scheme which the investor is over promises something held to nothing, that is a Ponzi in nature
Only thing that now days there is too many law and loop hole to protect Ponzi instead of prosecuting them

At last , now people get the picture and Ponzi finally reveal himself.

Tan Sri is sleeping well, eating well, enjoying his "little" villa beside the golf club ... . Why does he need to sleepless as he committed nothing illegal, no harm done on investor and no people is un feed because his action.

all his investor has gain the promised interest and now he just perform a 'technicality' stunt

I think malaysia government should have come up with a more rounded protocol to prevent this from happening (very soon I can see few coming up) and make sure the director do their time behind bar if found guilty.

see how other people react and tackle issue when same situation arise...

12.4 clearly say no one can replace PGCB.
to CH, PGCB default or not, is no matter, because is a management company, bear 0 weight on him

If grower decided to take up the plantation.. congratulation, you all had just turn your 100%capital return to 100%loss and 100% debt why ?

1-because the company now got 0 money

2-You need money to run the company means everyone need to pump in money in order to run. From book, you first need to collect 25M 1 year meaning, to get the trr full grown, u need at least 3 more years, so a 75M will be comfortable. Div by 40k plot, each plot come up to addition 2k (but not forget this mean you wont be able to get the div 12% CGHS promise until the 7th year.)

simply means 8k capital return (alraedy paid some interest), now become 10k uncertain return (no interest)

How on earth the grower able to achieve that ? I tell you is 0%, LKY sure win from day 0, grower sure lose from day 0

if for personal interest, I think VT is the best option,

1- You get your div and your cap back
2- to continue in default mood, you get 0 and have to continue funding, which you lose more than tan sri does.

unless you got million to throw on board.. or else... take this as a free lesson... never trust other people with your own money any more...

I think people in nature is greedy and never learn any lesson, because if they do, how does a ponzi scheme can be used and repeatedly con people?

Either is a CHGS or GPGS or EWWOPS all is some strip color... but still I know people from CHGS jump in again to GPGS... ... lesson never learnt..

Well... at the end.. everyone a winner... but one does make a BIGGER win than the rest...