As everyone is aware, there was a meeting on 5th September 2009 with Ferrier Hodgson at MPAJ hall Pandan Indah.
The meeting took around 2.5 hours and the whole team from Ferrier Hodgson attended the meeting with detailed explainations pertaining to the top up scheme. There were around 179 purchsers attended the meeting which comprised of approx. 50% from the total purchasers, and there were a small number of purchasers who couldn’t make it to this meeting with personal reasons.
During the meeting, every purchaser was presented a copy of support document to agree/disagree with the top up scheme. After the elaborations from the FH team as well as the committee, we have got 99% (only 2 purchasers rejected) of the purchasers support for the revival of this project with the top scheme, but provided that the financiers(banks) are willing to include the top of amount (30k) into our existing loans. According to FH, most local banks are willing to help us on the top up sum but there will be a slight issue with the foreign banks as they have their own policy which we need to negotiate with them personally. Despite of this, Citibank is willing to help us on this (as there are quite a number of purchasers loan from Citibank).
For those who missed the meeting and would like to support for the top up scheme, kindly please contact Miss Ng Yi Wen from FH at 03-2273 6227 by 14th September 2009. We need your support to increase the percentage.
For your information, the meeting last week was considered as informal one as FH wanted to know how many percentage of the purchasers were actually supporting for the top up scheme.
And since the response was encouraging, FH will be organising a formal meeting with all the purchasers again in 3 – 5 months time after they get the court’s approval for the scheme. (the court will take 3 – 5 months time for the approval)
That’s all. We will update further into this blog. Thank you.