Do whatever lawful that is needed against this unhealthy corporate exercise.

GOOD news!  Minority Shareholders Watchgroup Group (MSWG) has given permission to use their office address for Growers to send in their signed proxy forms.

Her office and mailing address is:

MSWG
11th floor, Bangunan KWSP
No. 3, Changkat Raja Chulan
Off Jalan Raja Chulan
50200 Kuala Lumpur

Phone:603 2070 9090
Fax: 603 2070 9107
Email: watchdog@mswg.org.my
Website: www.mswg.org.my
Please send early to them today! No more time, must be lodged with CHGS by 6-Feb early morning. No need to send in proxy form if you can attend.

Please fill in your own particulars at the top.  Ensure you and a witness have sign at the bottom together.  The witness must write his/her name and IC no.
For Joint accounts holders, everyone must sign as per the application form.
Leave the proxy name and particulars blank.  We have a group of Growers to be your proxy.

Thanks,
I'm helping the minority where i can with much prayers and God will guide us accordingly.  I'll try to see both sides of the coin for the bigger picture and win-win.
Penang is having their meeting tonight.  we'll see what the majority of the minority wants.

What should i write on top of number of grower's plot held?

Thanks for the heads-up.

We will ask him to present the Balance Sheet of PGCB and BeeGarden Hldg.
  So far they have shown us extracted version of P/L and skewed cashflow that seems to omit revenues from the estates.
Balance Sheets can tell us where are the cash and assets.  They are a big group and can come up with RM26 million cash due on Feb-14 for 2012yield payout.

At least RM80million was given to BeeGarden by PGCB in 2009 up to 31-Dec-2010 accounts.  It is interest free and has no fixed repayment terms.  That is why BeeGarden has to provide the Letter of Undertaking dated 17-jan-2013 to our Trustee and PGCB.

Going forward, if their VT proposal is not adopted by 75% of Growers, PGCB cannot excuse themselves from the 2012 yield payout just because revenue is lower than expected.
The cash is there, only it has to come from their other sources.

There can then be further meetings....
Some can agree to revision of the Fourth Schedule nett yield computation table to keep CHGS alive
Some can accept LKY personal guarantee of capital refund from terminating CHGS, but they want it faster,
some can accept, but want also the 2012 12% yield.

The threat is that Trustee can act to call EGM to consider winding-up and liquidate the scheme under Trustee/Liquidator supervision.  75% approval by Growers is still required.

Is this fair?  Is this reasonable?
IMHO VT is not fair when you forfeit 2012 yield,  and deny us future profits sharing
It is not reasonable because CHGS has given funds to them since 2007 to develop the estate and their other projects....  (plus many more already posted by others)

anyone mind to share the proxy form?
My aunty invested in this but she havent receive letter from CHGS yet...

they only buy back 1 to 1 of ur initial purchase price...
I am more than happy with that IF he really keep his words on the dividend as well as the 6 months pay back