As one of many investors of Planter’s Scheme for East West One Group (EWOG), let me share with you the story (or drama) of what is actually going on.
Overview:
EWOG is the first group in Malaysia to operate and manage three Companies Commission of Malaysia-approved Planter’s Schemes, making the group the leading, largest and most successful Planter’s Scheme operator and manager in Malaysia in terms of their sizable land bank. These Planter’s Schemes are approved under the Interest Schemes Act 2016 and are closely monitored by the Companies Commission of Malaysia in particular the progress of the group’s plantation development and operation to safeguard investors’ interests.
To Fellow East West Scheme Investors, Listen to the Potential Consequences of Stopping the EGM!
I’ve been observing the current situation, and something doesn’t sit right with me. A small group of 20 is trying to disrupt the progress many of us are striving for.
Hidden Agenda: I can’t help but suspect this group of 20 is acting on behalf of the company. A successful disturbance might just be to East West’s benefit. Without having to oversee operations and waiting a few years, everything might just decay into nothing! Or worse, they could liquidate the company. Being a ‘Sdn Bhd’, they would remain unharmed. The ones truly at a loss? Us, the investors! If we can get the R&R plan passed, at least as shareholders, we have the power to hold the management accountable!
Extended Delays: If this minority manages to stop the EGM, we’ll be looking at several years of stagnation. Do we really want that?
Stagnation: A significant majority of us support the R&R plan. Their interference might bring all our efforts to a standstill.
Majority Silenced by Minority: It’s absurd that 20 individuals could potentially dictate the future for all of us. Isn’t that against what we stand for?
Legal Repercussions: Their rash actions could lead to economic losses for the company, possibly even legal consequences against them. And who pays the price? We do!
The Aftermath: Should they succeed in halting the EGM, what’s their next move? It’s vital to think about the long-term implications here.
Assurances?: Have they offered any guarantees or alternative plans that benefit everyone?
We must understand the broader implications of their actions. We should make informed decisions, considering the collective interest, not letting a few individuals derail our collective efforts. We need to stay informed and alert.
