LKE Group aims to raise RM5.3 mln via equity crowdfunding for durian plantation expansion

KUALA LUMPUR: LKE Group Sdn Bhd aims to raise RM5.3 million for its equity crowdfunding (ECF) campaign to fund the latest phase of its durian plantation expansion, TembikaiX, offering 5.5 million units of shares in redeemable convertible preference shares.

LKE Group said in a statement yesterday that, through the ECF campaign, which has gone pre-live, potential investors are offered a 70 per cent profit-sharing scheme with a forecasted annual average return on investment of 47 per cent for pre-live investments and 42 per cent for investments made after the campaign has gone live.

“During the 15-year investment tenure, prospective investors can anticipate securing guaranteed returns, starting at 19 per cent within the initial five years and accumulating at an impressive 153 per cent up until the fifteenth year, or investors will receive the specified 70 per cent profit sharing after tax, whichever has the higher return,” it said.

LKE Group director of sales and marketing Bronson Wee said the durian plantation management company is proud to open up larger investment opportunities to the public through pitchIN.

“Our goal is to expand our management of durian plantations in Manchis, Pahang, using the smart farming technologies currently operational in our phases, contributing to the advancement of the agricultural sector in Malaysia.

“Through big data driven by smart farming technology, our plantation expertise becomes a legacy, safeguarding skills for future generations,” he said, adding that this is part of the company’s legacy and investment programmes.

According to the statement, the company currently oversees more than 80.94 hectares of plantations, hosting a diverse range of durian varieties tailored to project specifications.

It said the innovative DurianX phase has successfully integrated smart farming technologies and leveraged data analysis and monitoring to optimise the durian trees’ growth conditions.

LKE Group said it intends to utilise the majority of the funds raised through the ECF campaign on plantation development and maintenance, while the rest of the funds will go towards marketing and management costs. — Bernama