Exactly loh....it is innoprise that appear cheating mah!

Thats why the opposing BOD rejected the supplemental agreement loh!

But whether Yayasan people are involve to be further investigated mah!

U mean if u own 40%....but if u cheat yourself, u own 100% of the cheating monies lu tau boh ?

U still make,,,,if u cheat yourself mah!

Same side but different team mah...lu tau boh ??

Thus different vested interest mah!

Why invest in a co...tipu here & tipu there in order to make money leh ?



Posted by Philip ( buy what you understand) > Dec 6, 2021 1:27 PM | Report Abuse

Your mean yayasan sabah majority owner of innoprise plantations is cheating itself? Why would they cheat their own self? I am sure there is a reason here somewhere

Post removed.Why?

Hannah go to the mosque are just like the muslim go to church & temple loh!

If u have strong faith in your religion, nothing can rock u mah!

People should not worry loh!

Post removed.Why?

Already dead duck mah!

Sell & switch to Bplant lah!

Memang betul mah!

Posted by Citadel12 > Dec 6, 2021 1:10 PM | Report Abuse

HAha many sohhhaiisssss still promoting

Do not be silly lah!

Avoid mah!

Run lah!

Usa donated less than china loh!

Usually usa will donate vaccine which are going to expire or the efficacy already obsolete loh!

Not china loh....!! China donate their best vaccine to the world mah!

Lu tau boh ?

Rubbish kon counter mah!

Another kon counter loh!

Better avoid mah!

Another kon counter loh!

Better avoid mah!

Another kon counter loh!

Better avoid mah!

Another kon counter loh!

Better avoid mah!

Another kon counter loh!

Better avoid mah!

Another kon counter loh!

Better avoid mah!

Memang betul always avoid kon counters loh!

Posted by Diven Teh > Dec 6, 2021 12:57 PM | Report Abuse

newbie, pls dont touch this con counter....................no plan to move up. they just plan to issue more and more esos, pp....etc.

Same side but different team mah...lu tau boh ??

Thus different vested interest mah!

Why invest in a co...tipu here & tipu there in order to make money leh ?


Posted by joerakmo > Dec 6, 2021 11:38 AM | Report Abuse

@stockraider do you know exactly who 'the opposing side who own the rights of land rights mah'.Please check before u tembak.

Blee,

Ageson is a construction co & not tech co mah!

Its has big project is in china loh!

But think lah!

How can it be efficient & fight the chinese leh ?

Some more got lockdown cannot enter china mah!

Likely be kon CO....very fishy company mah!

Avoid lah,,,!

High risk loh!

Fraud by the listed innoprise management taking advantage of... their opposing side who own the rights of land rights mah!
Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!


Lu tau boh ?



Posted by joerakmo > Dec 6, 2021 11:16 AM | Report Abuse

Fraud??? where it favors the shareholders.....I like this management!
10% yield compounded over next 14 years! what not to like.

There are also other sign of konning beside this lah!

That means kon company loh!

Holding power no use...if it is kon company loh!

For kon company...u either cut or pray for better luck mah!


Posted by BLee > Dec 6, 2021 11:08 AM | Report Abuse

@sting79: Also speculation: Didn't know that money collected from these exercises are locked in bank FD, as I thought they can be used for those purposes stated in the shareholder circular eg, for company day to day operations, repay bank borrowings, to fund projects etc. Then with these purposes announced, it's easy to setup shell companies to act as vendors/customers to siphon out these collected funds from the bank.
06/12/2021 12:52 AM

BLee: Hi @sting79, you are right. It is in bank FD prior to the intended usage timeline. All this is regulated, reported and audited. If you follow Fintec's regular monthly announcement, as an investment based counter, how much spent on investment in other counters are reported.

All Public listed counters like Fintec, perform crowdfunding. Can we say ALL Public listed counters also conning investors money? Only Fintec did PP and ESOS more than the others due to the recent leeway of easy PP until the end of the year. Who is the predator and who is the victim? All boils down to $ and holding power..

Happy Trading and TradeAtYourOwnRisk

They can just sapu the cash in ageson by injecting or buying some rubbish mah!

This is one a way how fintec kon money mah!

Lu tau boh ?

Posted by BLee > Dec 6, 2021 10:37 AM | Report Abuse

@sting79: BLee: Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep declining by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?

BLee: At least PP is regulated, with proper tracking by regulator and regular update of %usage of $ used. I am dumbfounded by the numbers of Fintec ESOS; really pushing the price down and diluting NTA…
I am speechless; link https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h159292...

Happy Trading

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!

Why the opposing side directors rejected the Supplenmental Agreement with Inno leh ??

Ans; Why got people so silly sign a fixed rental for 60 years without taking into accounts of inflation leh ?

Do u know that goreng kiautiaw 30 years ago cost less than Rm 1.00 but today cost around Rm 6.00 leh ??

There are likely to be an element of fraud in this unfair contract loh!

It is from this supplementary agreement the dispute started, the opposing side Directors rejected this Supplementary Agreement mah!


"plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm
Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per annum on a reducing balance basis."!

THAT Means by latest 2035....they can take back the land mah!

Thats the reason why Inno pay high dividend...bcos they know they knew high chance their business going bungkus when lease expired loh!


Posted by joerakmo > Dec 6, 2021 10:11 AM | Report Abuse

from annual report

Serijaya Industri Sdn. Bhd., the wholly-owned subsidiary of the Company, entered into the Agreement for Oil Palm

Plantation dated 18 November 2005 with Benta Wawasan Sdn. Bhd. (the licensee of the land) to develop a parcel of
land measuring approximately 22,763 hectares situated in the locality of Gunung Rara/Kalabakan, Sabah. Pursuant
to the agreement, Serijaya Industri Sdn. Bhd. is granted the permission to develop the said land into an oil palm

plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm

Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per

annum on a reducing balance basis.


stockraider
27593 posts
Posted by stockraider > Dec 6, 2021 10:24 AM | Report Abuse X

But this Inno...amortise their concession over 74 years instead of over the suppose 14 yrs (expiry in 2035} loh!

As a result of lower amortization cost their....profit appear high in INNO mah!

Lu tau boh ?

But this Inno...amortise their concession over 74 years instead of over the suppose 14 yrs (expiry in 2035} loh!

As a result of lower amortization cost their....profit appear high in INNO mah!

Lu tau boh ?

It is from this supplementary agreement the dispute started, the opposing side Directors rejected this Supplementary Agreement mah!


"plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm
Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per annum on a reducing balance basis."!

THAT Means by latest 2035....they can take back the land mah!

Thats the reason why Inno pay high dividend...bcos they know they knew high chance their business going bungkus when lease expired loh!


Posted by joerakmo > Dec 6, 2021 10:11 AM | Report Abuse

from annual report

Serijaya Industri Sdn. Bhd., the wholly-owned subsidiary of the Company, entered into the Agreement for Oil Palm

Plantation dated 18 November 2005 with Benta Wawasan Sdn. Bhd. (the licensee of the land) to develop a parcel of
land measuring approximately 22,763 hectares situated in the locality of Gunung Rara/Kalabakan, Sabah. Pursuant
to the agreement, Serijaya Industri Sdn. Bhd. is granted the permission to develop the said land into an oil palm

plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm

Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per

annum on a reducing balance basis.

U see the west adopted the concept of live with virus after full vaccinations, whereas China adopted zero virus tolerance even after full vaccinations mah!

Thus China are much more conservative & willing to sacrifice economic growth & freedom in return for health or lesser covid cases loh!

U try getting into China today, it is very difficult to go into the country today mah!

U cannot trust indonesia & India numbers loh!

U certainly can trust China Numbers mah!

China is very discipline both the public & govt....they have vaccinated alot of its population mah!

Use your common sense lah!

Why china allow WHO inspector Access to the lab, whereas USA do not leh ?

Must be something to hide for USA loh ?


Posted by enning22 > Dec 5, 2021 9:07 PM | Report Abuse

wuhan covid , made in US ? must be joking.so many liars.


Posted by stockraider > Dec 5, 2021 12:44 PM | Report Abuse X

The biological weapons war program is in USA instead of China loh, thats why USA refuse WHO inspection unlike China who have given 1st access mah!

Go & read the Dispute properly lah!

Do not confuse mah!

The Board Of Directors....of the opposing side ...hold the interest of the plantation land with the GOVT & not INNO... mah!

INNO is a sub subcon loh!


Posted by Philip ( buy what you understand) > Dec 6, 2021 8:59 AM | Report Abuse

Innoprise board is all appointed by sabah foundation. In fact our CM is the chairman of both sabah foundation and innoprise. What are you talking about?

>>>>>>
stockraider Pakai otak think lah!


Philip ( buy what you understand)
4276 posts
Posted by Philip ( buy what you understand) > Dec 6, 2021 9:04 AM | Report Abuse

Why your stories always talk halfway one? The dispute is between the JV companies of innoprise ( and other investors) and state government where innoprise help to obtain the land from government, but those west Malaysian companies who JV with innoprise to run the business just need to pay the premium for land conversation to CL. All they need to do is pay rm500 per acre. 10,000 acres of land just need to pay 5 million and can get bank charge. However as this takes time to convert at land and survey many of them start business first, but when time comes to pay premium the JV companies suddenly no money. 50k to get 100 acres of land for free I think it's very cheap.

This is the problem here. Premium. Not whatever magic stories you are telling. Keyboard warriors la you. Don't know anything about sabah simply talk cock.

>>>>>>>
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!

Where got lost leh ??

Raider make 2 brand new myv for lari kuat kuat mah!

Lu tau boh ?

Posted by Mikeycc > Dec 6, 2021 8:45 AM | Report Abuse

Haha raider is oredi Lost in Netx vs Zelan bet loh ... hahahaha still twisting ke ..

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Where got pity leh and what value trap leh ?

Sifu Sslee already make Rm 6 million on paper mah!

If just buying bargains company with negative goodwill can make millions without doing anything ...our Sifu Sslee will have make more than Rm 6 millions, just investing in Insas mah!

Lu tau boh ?


Posted by Mikeycc > Dec 6, 2021 8:42 AM | Report Abuse

Haha pity value seeker being seek Value Trap shit ... hahahahaha

On investment in ageson !

Confirm kon mah!

If just buying bargains company with negative goodwill can make millions without doing anything ...our Sifu Sslee will have make more than Rm 6 millions, just investing in Insas mah!

Kon counter avoid lah!

Sure kena cheat one...later cry also no tears mah!

Lu tau boh ?

Bahasa so easy to master mah!

This silly UMNO fellow wants people to master Bahasa ah ?

Master what leh ?

Bahasa is a so simple language mah!

Bangla, Nepal, Mynmar foreigner come few months already master Bahasa mah!

Rubbish boloh fellow loh!
Live in Msia so many years cannot understand Bahasa Meh ?

Bangla, Nepal, Mynmar foreigner come few months already master Bahasa mah!

Posted by Tobby > Dec 5, 2021 7:35 PM | Report Abuse

It is extremely insulting and humiliating if one cannot speak or understand bahasa! Which had happen to me! You see, i was living in KL for so long that i didn't bother to learn bahasa!
Unless you want to remain in superficial KL bubble, then so be it! Keep it to yourself!
But KL is just a little dot in Malaysia! Outside that bubble, english is rarely spoken! As simple as that!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Good loh...Omicron less deadly takeover from Delta mah!

It is auto check out loh...when u check into another shop or location...the most important key is u must remember to check out on your last location mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Confirm kon mah!

If just buying bargains company with negative goodwill can make millions without doing anything ...our Sifu Sslee will have make more than Rm 6 millions, just investing in Insas mah!

Kon counter avoid lah!

Sure kena cheat one...later cry also no tears mah!

Lu tau boh ?

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Kon counter avoid lah!

Sure kena cheat one...cry also no tears mah!

Pakai otak think lah!

As usual philip only look at the superficial at positive side without obvious assessing without assessing the negative high risk mah!

1. Innoprise is a concession or Business Reits with very short term expiry coming in about 8 years term....meaning in 8 years time Sabah foundation can just take back their land by not renewing the concession loh!
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
3. Given such a major dispute with the sabah govt the risk of non renewal of the concession is extremely high loh! Even renewed there will be big back payment & much higher future lease Rental needed that will affect its attractiveness of this stock.
4. Most Plantation own their lands with only a few exception like FGV and Innoprise operate on a concession basis loh! Under this model this company does not really benefit from appreciation of land prices which is a natural hedge against inflation mah!

Why there is a very high chance the concession will not be renewed leh ?

The Board or the Govt feel that Inno try to cheat them by changing the agreement in 2019 with the management thats why it was rejected by the Board Of Directors of the Govt side loh!

Even if the rental is renewed there will be huge compensation for past payment plus very much higher rental to be paid mah!

That means very uncertainty loh!

Lu tau boh ?


Posted by Philip ( buy what you understand) > Dec 6, 2021 8:02 AM | Report Abuse

Correct, which is why I bought innoprise plantations. Stockraider half past six simply talk just to hear his own sound without knowing why lengyuen also buy inno and not taan nonsense.

But you have to realize why YS is also applying for additional 15k hectares state land adjoining to give to inno plant again within the next few years

>>>>>>>>>>

Nothing to worry, Agreement between Innoprices corporation Sdn Bhd (Serijaya) and Sabah Gov (Benta Wawasan) already extended to 60 years to develop 22,763 hectares land and i personally dont think they will take back the land since Sabah Foundation hold Inno share. What they can do is to entered into supplementary agreement.

in addtional cold eye also hold inno share. hihihihi
05/12/2021 10:02 PM