East West One Consortium Bhd (EWOCB), Malaysia’s largest oil palm investment scheme by virtue of land size, has selected Ipoh to locate its fourth branch office after Kuala Lumpur, Malacca and Penang.
Headquartered in Kota Kinabalu, EWOCB manages the East West One Planters Scheme (EWOPS), an innovative investment tool that allows investors to diversify their investment portfolio into the fast growing market of the palm oil industry.
The selection of Ipoh is based on the realisation that it is largely an untapped market with enormous potential, according to Datuk Peter Khoo Keok Swa, who is EWOCB’s Managing Director.
“We are well aware that there are many discerning investors out here in Ipoh. This is fortified by the fact that we have a substantial number of Ipohites among our existing pool of investors,” he said during the opening of the East West One Marketing office at Tingkat Taman Ipoh 12 in Ipoh Garden South recently.
More broadly, Datuk Peter Khoo noted that the opening of the Ipoh office is in line with EWOCB’s expansion plan for both the Peninsula and East Malaysia. “We want to reach out to all wise and well-read investors because we have faith that our product is the right choice of alternative investment for the Malaysian public,” he pointed out.
EWOPS aspires to provide a fixed income ranging from 8 to 10 per cent per annum for a period ranging from six to eight years (depending on which one of the four investment schemes one has signed up) in addition to a 100 per cent guaranteed capital refund upon maturity.
“To date, more than 50 per cent of EWOPS planter plots have already been snapped up,” revealed Datuk Peter Khoo. “We believe that come year-end, we will be able to achieve our target of 75 per cent take up rate.”
“EWOPS’ planting progress has been ahead of our company’s projections with more than 5,000 acres planted so far with another 1,500 acres cleared, terraced and ready for planting,” added Datuk Peter Khoo.
After Ipoh, EWOCB targets to open up similar branch offices in Johor Bahru and Kuching before the end of this year.
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