FAQs (Frequently Asked Questions)

Where is Finterra Global Plantations (FGP) office?

Our office is located at
Level 7, Wisma UOA Damansara II

No.6, Changkat Semantan

Damansara Heights - 50490

Kuala Lumpur, Malaysia.

Does one need to make an appointment to visit your office?

Yes, an appointment is necessary to visit our office.

What type of timber is FGP planting and is it a local species?

FGP is currently involved in the sustainable planting of Paulownia Timber. There are many species of the Paulownia tree. The species being planted in Malaysia is suitable for the tropical climate.

 

The Paulownia Timber species can be found in many countries like China, Japan, Germany, Bulgaria and others. However, the main difference between that which is being planted in Malaysia is the speed at which it grows. In other countries, the growth to harvest period is significantly much more.

What is special about this Paulownia tree?

The Paulownia tree which is being grown by us in Malaysia is the World’s fastest growing tree (by Guinness World Record since 2011) and can be harvested in just 40months.

 

It has numerous characteristics such as being a light hard wood which is aesthetically attractive and flexible to work with. It has low shrinkage, low warp, and is a good sound conductor with the ability to grow in almost any terrain, requiring little maintenance. One if its unique features is that it can regenerate up to 6 times once harvest, saving time and effort on clearing and replanting.

 

Paulownia also has numerous environmental benefits including the ability to absorb 10 times more carbon dioxide as compared to any other tree and releasing 10 times more oxygen into the environment. It is a non-invasive species that provides soil stability too. 

Where are your Paulownia plantations located?

Our plantations are primarily in Anak Kulim, Kedah, Malaysia.

How many acres of plantation do you have?

We have completed the planting of 2000 acres in phases of 500 acres since Oct 2020 and target to complete 10,000 acres by end 2024.

What are the uses of the Paulownia wood?

The Paulownia Timber species has multiple uses, some of them are , it is used for the production of plywood, building materials, furniture, decking, wood shavings, wood pulp, musical instruments, handicrafts, wooden crates and boxes just to name a few.

Is your project supporting the UNSDG goals and ESG criteria?

FGP and its partners all support the UNSDG goal 13 for climate change and follows practises that are in line with many of the ESG criteria. We are currently pursuing to get ESG certification.

If this offering shariah compliant?

Yes, our offering is certified shariah-compliant (an added level of compliance) by Salihin Shariah Advisory a Securities Commission licensed advisory.

What are the shariah doctrines used in the structuring?

- Musharakah – Partnership

- Tanazul - Waive

- Wa’ad (promise

At the time of harvest, who will sell the timber and how will you ensure our capital is paid back on the 41st month?

All our timber is pre-sold. We have sawmills who have already booked all the timber which will be harvested at an agreed contractual price. The demand for timber is constantly on the rise both locally and internationally.

Will I need to wait until the time of harvest to start receiving my dividends?

We pay dividends from the start of your participation, which essentially means you get your dividends from the beginning and need NOT wait until the time of harvest.

How are you able to pay dividends even before the harvest?

This is using the principle of profit equalization and has been confirmed by our reputed external auditors to comply with the standard accounting practices.

How are dividends paid?

Dividends are paid on a quarterly, annual, or end of tenure basis depending on the package you subscribed to.

Can any investor visit the Paulownia Timber Plantation?

We arrange Plantation visits to potential investors periodically so that they can see and be briefed about the Trees and the plantation. We have already completed 2000acres and are on our 5th phase of the next 500 acres.

Once I participate, will I get any update on the project?

We provide quarterly project updates to all our investors via email containing project updates, photos and videos via our Newsletter.

Is this opportunity only using MYR or can I use take part using any other currencies?

Our custodian trustee can accept funds in MYR and USD.

If I participate using USD, will I receive my dividends and capital back in USD?

Yes, for those who participate using MYR, their dividends and principal will be paid in MYR. For those who participate in USD, their dividends and principal will be paid in USD to mitigate any forex loss.

Is your offering guaranteed?

Our offering is safe. FGP has a contract buy back on all the timber being planted. It also has a corporate guarantee of three times the amount of developing the plantation. We have also done a financial and legal due diligence on our planting partners. The value of the trees is created from the seedling to the tree ready for harvest. In this way the value of the tree grows over time and investors can receive the capital back at the time of harvest.

What is the Tenure of the project?

The total duration of this opportunity is 40months.

How can I participate in this sustainable project opportunity?

Please get in touch with our staff members by leaving your contact details on our online website form or contact any of our expert sales executives.

What documents should I have ready and what will I need to complete my submission?

To prepare:

  • Scanned copy of your Malaysia IC or Passport.
  • Proof of address

 

To complete:

  • CTOS consent form
  • KYC application document,
  • Application Form
  • Beneficiary details form
  • Executed - Term Sheet
  • Executed - Subscription agreement
How sustainable are you?

Our plantations are utilising sustainable practises. We do not cut down virgin forest to plant our trees. As a non-invasive species the Paulownia tree is also not a threat to the environment and has multiple characteristics that are beneficial to the environment.

Is this offering Taxable?

In Malaysia, the dividend pay-outs are Non-taxable.

What are your future plans with the plantation?

We have developed a mobile application for investors through which they would be able to view, manage all their investment portfolio through their portable device anytime anywhere.

We are also in the midst of developing technologies to further enhance our overall plantation management. As our parent company is FINTECH, we plan to have all the trees being planted onto the Blockchain to ensure that they can be tracked right up to the time they are harvested and to showcase that they are all farmed sustainably. Its currently work in progress.