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Sanc Group Investment Scheme

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Old 14-10-2018, 01:59 PM   #1
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Sanc Group Investment Scheme

Anyone invested in this company before?

It's based in Ubi Oxley Biz Hub. Business industry is Construction.

Offering 8-10% return per year for investing in their construction projects overseas including Malaysia.

www.sancgroup.com
m.facebook.com/sancgroup

Welcomed to share your experience with this company, if any.
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Old 14-10-2018, 02:00 PM   #2
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How do you invest? Bilateral loans? Debt securities? Units in a fund?

Sounds like a scam to me...
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Old 14-10-2018, 02:03 PM   #3
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Got a few variants:

- Preference Shares
- Joint Ventures
- Promissory Notes
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Old 14-10-2018, 02:33 PM   #4
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8-10% per year? I'll run as far as I can from this company.
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Old 14-10-2018, 07:45 PM   #5
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One family...
http://www.sancgroup.com/new-page-1
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Old 14-10-2018, 07:57 PM   #6
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What is this Singapore Successful Brand Award that I see from their website ?

Not much info...
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Old 14-10-2018, 08:08 PM   #7
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A company led by family members?
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Old 14-10-2018, 08:49 PM   #8
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Looks like it, all the Yang's, family business.
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Old 14-10-2018, 09:02 PM   #9
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Preference Shares:
What it only means is that priority is given over that of ordinary shareholders when distributing dividends.
Qn:
1) What if there isn’t any dividends in the first place?
2) How does this arrangement guarantee the principal & interest?

Joint venture:
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Qn:
1) What happens if instead of generating a profit, the venture ends in a loss? Am I also liable for additional top-ups if it ends in losses?
2) How does this arrangement guarantee the principal & interest?


Promissory notes:
A signed document containing a written promise to pay a stated sum to the bearer at a specified date.
Qn:
1) Isn’t this promise as GOOD or as BAD as the company/person issuing the promise?
2) Will I get to see all the relevant financials of the company as well as the detailed financials of the likely PGs(Personal Guarantors) or do I need to search for all these information myself to do proper risk assessment?

Company Profile & directors information (click buy information):
https://www.acra.gov.sg/home/

Credit report and litigation search:
https://www.questnet.sg/index.asp


Got a few variants:

- Preference Shares
- Joint Ventures
- Promissory Notes
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Old 16-10-2018, 08:58 AM   #10
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Join Date: Mar 2003
Posts: 289
Preference Shares:
What it only means is that priority is given over that of ordinary shareholders when distributing dividends.
Qn:
1) What if there isnít any dividends in the first place?
2) How does this arrangement guarantee the principal & interest?

Joint venture:
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Qn:
1) What happens if instead of generating a profit, the venture ends in a loss? Am I also liable for additional top-ups if it ends in losses?
2) How does this arrangement guarantee the principal & interest?


Promissory notes:
A signed document containing a written promise to pay a stated sum to the bearer at a specified date.
Qn:
1) Isnít this promise as GOOD or as BAD as the company/person issuing the promise?
2) Will I get to see all the relevant financials of the company as well as the detailed financials of the likely PGs(Personal Guarantors) or do I need to search for all these information myself to do proper risk assessment?

Company Profile & directors information (click buy information):
https://www.acra.gov.sg/home/

Credit report and litigation search:
https://www.questnet.sg/index.asp
Thanks for expert advice.
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Old 16-10-2018, 09:49 AM   #11
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Welcome Bro. Not 100% sure if this particular one is legit or not.

There are indeed many questionable “investments” out there. The golden rule is never to invest into anything we are not sure of:
1) Do reasearch on the investment.
2) Access the risk.
3) Look at past performance to weigh the probability of success.

In short, DYODD.

Thanks for expert advice.
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