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East West One Consortium launches planter’s scheme

May 17, 2012

KUALA LUMPUR: East West One Consortium Bhd has launched the East West One Planter’s Scheme which guarantees an average annual return of between 8% and 10% for short-term investments of six to eight years.

Chief executive officer Jessie Tang said investors in the planter’s scheme would receive their full capital payment upon maturity.

“We are optimistic that palm oil production would be profitable as a long-term investment as the industry holds great promise for growth, given its wide usage and global demand,” she said at the launch ceremony officiated by Plantation Industries and Commodities Minister Bernard Dompok here today.

Business development adviser Lee Chong Seong said the company wanted to sell all of its RM213 million worth of products within the period allowed by the Companies Commission of Malaysia (SSM), two years from December last year.

“Moving forward, we are actively looking for land to acquire and the best areas for oil palm planting in Sabah would be Tawau and Kalabakan due to high rainfall,” he said.

Under the scheme, the company has 6,363.68 hectares of plantation land in Ranau and it plans to set up a palm oil mill within the next two to three years, which would be the first in the district.

On future projects, Lee said the company would develop a new scheme, also for oil palm, that would involve another 8,093.712 hectares.

Currently, the company has over 250 investors and has made a commitment to distribute dividends every quarter. Lee said investors had already received their first two quarterly dividend payouts.

The company’s products include 311 Premier blocks of three-acre plantation interest at RM58,888 per block, 935 Gold blocks of 1.5-acre plantation interest at RM28,888 per block, 8,400 Silver blocks of 0.5-acre plantation interest at RM10,000 per block and 16,800 blocks of 0.25-acre plantation interest at RM5,000 per block.

– Bernama


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