KUALA LUMPUR: Plentiful Gold-Class Bhd, the management company of Country Heights Grower Scheme (CHGS), will fulfil its promise to refund the first 10 per cent of the growers' fee tomorrow.
The refund is made following approval of the voluntary termination of the CHGS by a majority of 98.89 per cent of growers at the growers' meeting recently, the company said in a statement today.
"At the meeting, it was decided by a majority vote that 10 per cent of the growers' fee will be paid back to the growers within 30 days of the approval of the resolution of the voluntary termination of CHGS.
"The remaining 90 per cent is to be paid within a six-month period from the date of approval of the said resolution. A total of RM215.5 million will eventually be paid out to the growers respectively," it said.
Plentiful Gold-Class said crossed cheques will be issued and posted to the respective growers.
"In the event that cheques are not cashed for whatever reason within six months and no money is claimed within one year from the date the cheques were issued, the company shall act in accordance with the provisions in the Unclaimed Monies Act, 1965," it added. - BERNAMA
