Me too... received already. Agent said the cheques sent out 1st feb 10.

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Added on February 5, 2010, 3:14 pmso what?

This post has been edited by putih: Feb 5 2010, 03:14 PM

Hi folks
Don't get too excited. This info I received from my agent.

The payout will be split into two rates - The first 3 months will be 8% and 4-12 will be 12%. This is because the harvest phase started April last year (completion of 3 years from inception as in the prospectus). But for this year's dividend (for next year payouts), the payout will be based on one rate only i.e. 12% pa or more (refer to prospectus) because the project has gone into full harvest phase.

Regarding the payment calculation, it will be based on the amount that you purchased for the lots, not the current lot price. If you bought the lot at RM5K per lot, you will get 12% of RM5K per lot, not 12% of RM10K per lot as of today's price. The price per lot you paid is clearly stated in your CHGS certificates.

Regarding the direct debit, your agent should have emailed you the bank instruction if you wish to opt for direct bank in. Otherwise, the traditional mail-in check will be sent to you. The cheques can be collected starting tomorrow (Tuesday 8/2/2011). I quote

"For those who are non-IT savvy and wish to collect their cheque, you may visit us at Palace of the Golden Horses hotel from 8 Feb 2011 to 13 Feb 2011 between 1pm to 5pm for cheque collection with 2 working day notice given to us. Please bring along your Growers Certificates & IC for to redeem your cheque. For those outstation Growers, you are entitled to book Palace of the Golden Horses hotel stay at the a very special rate of RM200++ per night during these said period." end quote.

If you are unsure, you should contact your agent, not asking people in this forum who mostly making envious speculations muahahaha.

Cheers...

Better call them especially during this bz season of the year.

yes

today got cheque from chgs for 2011 12% dividends as expected. Weird coz they send cheque? Last year bank in ma...

yeah, as long as they pay ok lah. Just afraid the cheque might be lost in the mail coz they use normal pos mail.

I would definitely go for it. As we all know, we're already screwed the moment we bought the plots . My thinking, if we accept the proposal, we will get back some money, hopefully all . If we are against it, you know what happen when you fight with big fish. Turun court naik court, masuk meeting keluar meeting ... you get nothing.

From the look of it, we're not getting the dividend for 2012 whether or not the proposal is passed I really hope I'm wrong. Me like you and i believe many others, already have plans with the annual dividends

Hurry because to avoid dividend payout due date on 14 Feb. Bad people.

This Tan Sri is stupid or what? Voting by proxy closed already yesterday and decisions already made (they knew the verdict already because they received yesterday). I bet the # of growers attending tomorrow will be small compared to proxy votes and the winner is clear already. How could he make such statement that he would give moon and stars if the rez is passed. The rez is already made - not passed. Duh
I would vote FOR is he rewrites a new proposal with the amendments. But this one is too late man.

Anyway, salute to our heroes....

This post has been edited by putih: Feb 7 2013, 09:39 PM

Why surprised dude? You got the 12% div cheque also?