(Bloomberg) -- Malaysian millionaire Lee Kim Yew
plans to sell investors thousands of 1/4-acre plots of oil palm
plantation offering guaranteed returns for three years, the
first venture of its kind in the Southeast Asian country.
Lee is offering half of a 10,000 acre estate in Kelantan at
5,000 ringgit ($1,450) a plot, potentially raising 100 million
ringgit. For three years, as trees mature, investors will
receive a fixed return of 8 percent, Lee said in an interview.
After that, income depends on the commodity's price.
Read more at Bloomberg Emerging Markets News
plans to sell investors thousands of 1/4-acre plots of oil palm
plantation offering guaranteed returns for three years, the
first venture of its kind in the Southeast Asian country.
Lee is offering half of a 10,000 acre estate in Kelantan at
5,000 ringgit ($1,450) a plot, potentially raising 100 million
ringgit. For three years, as trees mature, investors will
receive a fixed return of 8 percent, Lee said in an interview.
After that, income depends on the commodity's price.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment