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Corporate Announcement
LKE Group Announces Groundbreaking Equity Crowdfunding Campaign With RM5.3 Mil Target For TembikaiX, Offers Attractive ROI
Published:  Feb 7, 2024 9:52 AM
Updated: 3:49 AM

Bahria (middle) officiated the 7th LKE Durian Fiesta on January 12 alongside Wee (second from left), Lim (fourth from left) and Chin (fourth from right).

KUALA LUMPUR, 7 FEBRUARY 2024 - LKE Group, the family-run durian plantation management company, has officially announced that its equity crowdfunding (ECF) campaign for the latest phase of its plantation expansion called TembikaiX has gone pre-live. The fundraising campaign marks a significant milestone for LKE as it is the company’s first plantation project initiated through equity crowdfunding.

The campaign, which went pre-live on pitchIN today, is targeting RM5.3 million in funds raised while offering 5.5 million units of shares in redeemable convertible preference shares (RCPS). With a minimum price per lot of RM5,000, potential investors are offered a 70% profit-sharing scheme with a forecasted annual average return on investment (ROI) of 47% for pre-live investments and 42% 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% within the initial five years and accumulating at an impressive 153% up until the fifteenth year or investors will receive the specified 70% Profit Sharing After Tax, whichever has the higher return.

Bronson Wee, LKE Group Sales & Marketing Director.

Bronson Wee, Director of Sales & Marketing of LKE Group, in a statement, expressed, "We're 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 own phases, contributing to the advancement of the agriculture sector in Malaysia."

At present, LKE Group oversees more than 200 acres of plantations, hosting a diverse range of durian varieties tailored to project specifications. The innovative DurianX phase has successfully integrated Smart Farming technologies and leveraged data analysis and monitoring to optimise the durian trees' growth conditions. This digitalization aligns LKE Group with the Internet of Things (IoT) and government initiatives, storing valuable data in the Cloud to enhance research and development in durian plantations, spearheaded by its visionary founder and director, Dato’ Jackky Lim as well as its co-founder and managing director, Jeremy Chin.

“Through Big Data driven by Smart Farming technology, our plantation expertise becomes a legacy, safeguarding skills for future generations. This is part of our Legacy Program and investment program,” stated Wee further, emphasising on LKE’s digital leap.

LKE has outlined its intention 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. 

Datuk Bahria Mohd Tamil, Deputy Secretary-General (Management & Investment), of the Ministry of Investment, Trade & Industry (MITI) delivering her speech during the 7th LKE Durian Fiesta on January 12.

On 12 January, LKE held its 7th Durian Fiesta, officiated by Datuk Bahria Mohd Tamil, Deputy Secretary-General (Management & Investment), from the Ministry of Investment, Trade and Industry (MITI), in conjunction with the pre-announcement of TembikaiX. TembikaiX comprises 5.9 acres and accommodates 320 durian trees, comprising 70% Black Thorn and 30% Musang King varieties.

The ECF campaign for TembikaiX is only the first of three fundraising campaigns planned by LKE as the company aims to raise a total of RM20 million through its crowdfunding exercises on pitchIN. On the other hand, LKE is also diversifying its business, aiming to manage plantations beyond its current ownership spectrum. This strategic move is a precursor to the group's preparation for an eventual Initial Public Offering (IPO) exercise in the near term.

For further information on LKE Group, please visit

To know more about the ECF campaign, potential investors may retrieve the investment prospectus via

This content is provided by Global Creative & Media Agency (GCMA)

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