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

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squall_12
post Feb 16 2011, 10:52 PM

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just got my 1st investment for this...managed to buy a RM5000 with selling of RM5600....hopefully can earn some money on later years smile.gif
squall_12
post Jan 22 2013, 12:27 AM

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so it mean they take back on the right of the land we paid for it and they will take 2 year to paid us back the money we invest if it is i cannot accept this, anyway to get our money back full instead of taking 2 year to get it back?

Thanks
squall_12
post Jan 22 2013, 07:47 AM

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i dont think shareholder like us will agreed to received 90% of our money from 2 years times which is very unfair to us.
squall_12
post Jan 22 2013, 02:42 PM

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if we reject the offer then can we get back our money anyway this really not looking good for us as all the condition they provide is really not fair to us.
squall_12
post Jan 22 2013, 02:59 PM

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If most are against then what will happen?


squall_12
post Jan 22 2013, 03:02 PM

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yep we need more ppl to voice on the meeting if i am not in penang then i will go to the meeting..
squall_12
post Jan 22 2013, 07:31 PM

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so all of u grower plan to vote against or for?

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squall_12
post Jan 22 2013, 08:20 PM

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think so if we agree i afraid later 90% wont get back.
squall_12
post Jan 22 2013, 08:44 PM

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dont put too much hope on the dividend i think high possibility we will not get it.

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squall_12
post Jan 23 2013, 08:39 AM

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so anyone here going to attend the meeting?


squall_12
post Jan 23 2013, 08:54 AM

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i hope someone from this forum go to the meeting and voice out the question on the 90% 2 year payment delay and 2012 dividend issue.

Thanks
squall_12
post Jan 23 2013, 09:56 AM

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QUOTE(truth_seeker_09 @ Jan 23 2013, 09:53 AM)
what i meant is instead of return money...
give us share? in case cannot pay back us 2012 interest and principal amount.

Btw, another question, each of us bought the plot with different price... they will return us with what amount? eg. you buy with 7000.. u get 8000(last selling price?), 7000(Purchased price) or 5000(first launched price)?
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that is why i hope someone from this forum go to the meeting ask those question to the management on the meeting.
squall_12
post Jan 23 2013, 11:05 AM

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QUOTE(kinwing @ Jan 23 2013, 11:01 AM)
Anyway, I feel the manager is not doing his job in protecting the interest of minoirty shareholders and give the promised yield of 8% to 12% as promised.

If the company terminate earlier and only returning our capital in 2 years later, most probably the company has breached the agreement of giving a guaranteed YTM of 8% to 12%, so we could sue the company on this basis.

Or we could just fire the manager and run the company by ourselves since the company has planted palm oil for almsot 5 years and I think it's time for us to ripe off the benefit from mature of palm oil yield by ourselves.

No way they can kick us out by getting cheap fund from us and sharing their risk to us in the initial stage and now try to kick us out when time to ripe fruits without sharing the return back to minority shareholders. A typical situation head you win, tail we lose!!!
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so most of u guy will vote against?
squall_12
post Jan 23 2013, 04:58 PM

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QUOTE(sam sam @ Jan 23 2013, 04:46 PM)
i am going to
lets have a list of who is going

1. sam sam
2. stonkong

if you are going add your name to the list
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thumb up thumbup.gif so both of u plan to vote against correct?If both of u do so i will follow by voting against as well.

Thanks
squall_12
post Jan 23 2013, 05:28 PM

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of course the appoint person is grower if not what for he wasting time going for the meeting tongue.gif
squall_12
post Feb 8 2013, 08:58 AM

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kudos to all growers to make tan sri panic hahah nice one.
squall_12
post Feb 8 2013, 11:47 AM

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keep us update on the meeting. thanks
squall_12
post Mar 12 2013, 07:48 PM

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No cheques has received, anyone can confirm with CHGS when they will send the cheques to us?

Thanks
squall_12
post Mar 13 2013, 08:55 PM

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received the cheque as well.
squall_12
post May 13 2013, 10:25 AM

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please keep update of the remaining 12% dvidend and 90% of our grower fee.

Thanks

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