MARKET DEVELOPMENT
Sound Investment in Oil Palm Scheme, Says Cooperative
Sound Investment in Oil Palm Scheme, Says Cooperative
01/03/2016 (The Star) - Koperasi Serbaguna Malaysia Bhd (KSM) has launched its second oil palm plantation investment scheme following its purchase of 4,119ha of land in Sarawak in March last year.
Its chairman Datuk Seah Kwi Tong said investment in oil palm would provide a steady growth and better yields.
“The land in the Dulit district of Batang Tinjar, Miri, has been tested and found suitable for oil palm plantation,” he said.
He was speaking at a recent seminar to promote the investment scheme, known as the KSM Batang Tinjar II Plantation Investment Scheme.
Each investment unit is being offered at RM8,800, representing 0.2ha (half an acre) under the scheme, he said.
Seah added that although the scheme was open to only KSM members, anyone interested in the scheme could register as a life member for RM10 and buy a minimum of RM500 worth of co-operative shares.
“Members would receive RM800 yearly in profit after three years,” he said.
The first oil palm plantation investment scheme in the northern part of Batang Baram, Miri, was launched in 2004, and sold for RM102mil in 2011, yielding a profit of RM42mil.
Board member Loke Poh Chye said the forms could be obtained at the Gold Coast Seaside Seafood Restaurant at 13 & 13A, Karpal Singh Drive.
“Those interested in the scheme can make enquiries anytime from 11.30am to 10.30pm daily,” he said.
KSM is a project initiated by MCA in 1968 and has over 250,000 members in peninsular Malaysia.
Those interested in the scheme, can contact Loke at 012-4788332.
Its chairman Datuk Seah Kwi Tong said investment in oil palm would provide a steady growth and better yields.
“The land in the Dulit district of Batang Tinjar, Miri, has been tested and found suitable for oil palm plantation,” he said.
He was speaking at a recent seminar to promote the investment scheme, known as the KSM Batang Tinjar II Plantation Investment Scheme.
Each investment unit is being offered at RM8,800, representing 0.2ha (half an acre) under the scheme, he said.
Seah added that although the scheme was open to only KSM members, anyone interested in the scheme could register as a life member for RM10 and buy a minimum of RM500 worth of co-operative shares.
“Members would receive RM800 yearly in profit after three years,” he said.
The first oil palm plantation investment scheme in the northern part of Batang Baram, Miri, was launched in 2004, and sold for RM102mil in 2011, yielding a profit of RM42mil.
Board member Loke Poh Chye said the forms could be obtained at the Gold Coast Seaside Seafood Restaurant at 13 & 13A, Karpal Singh Drive.
“Those interested in the scheme can make enquiries anytime from 11.30am to 10.30pm daily,” he said.
KSM is a project initiated by MCA in 1968 and has over 250,000 members in peninsular Malaysia.
Those interested in the scheme, can contact Loke at 012-4788332.