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

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myusername
post Jan 7 2008, 05:55 PM

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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?
myusername
post Jan 7 2008, 06:47 PM

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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?

myusername
post Jan 7 2008, 09:40 PM

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QUOTE(neocappuccino @ Jan 7 2008, 07:48 PM)
welcome. well i think im being very transparent for most of the part  tongue.gif , but if you could take tat risk, its a great investment overall. but out there, there is no guarentee buy back scheme, liquidity is always an issue in every investment. normal la....
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Not really, other investments, we can exit even though at a loss, in case of emergency. This is the problem. In this case, company already stated clearly not obliged to buy back under any circumstances whatsoever, even at par value or even less.

Out of 5000 acres (since company take 50%), how many percent is taken up?

myusername
post Jan 8 2008, 01:21 AM

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QUOTE(neocappuccino @ Jan 8 2008, 01:08 AM)

well if the CPO price hits a high time RM6000, you will still get a stable 12%.

the extra dividen is from the yield of the land. which is from 1% - 5%  extra.
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So whether the CPO is RM2100 or RM6000, dividend is still 12%?
And yield of the land at 1%-5% is dependant on what?
myusername
post Jan 8 2008, 05:13 PM

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QUOTE(netcrawler @ Jan 8 2008, 10:37 AM)
Would CHGS send out any invitation card for investor to attend the dinner? Also, if the CPO is RM6000, where would the profits go if no distribute as a bonus to the Growers?
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Good question. I also want to know?

 

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