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Stargrower
Stargrower Sdn Bhd (Stargrower) is an agriculture company with a mission to transform agriculture by sustainably cultivating dragon fruits and gingers, and tackling food security challenges head-on. The company aims to ensure a consistent, reliable supply to meet consumers' nutritional needs, revolutionizing the way the world thinks about and consumes these vital crops.
Stargrower Sdn Bhd (Stargrower) is an agriculture company with a mission to transform agriculture by sustainably cultivating dragon fruits and gingers, and tackling food security challenges head-on. The company aims to ensure a consistent, reliable supply to meet consumers' nutritional needs, revolutionizing the way the world thinks about and consumes these vital crops.
MIN INVESTMENT
RM 12,000
MIN TARGET
RM 1,000,000
MAX TARGET
RM 3,633,550
DIVIDEND
10% p.a.
SHARE TYPE
Ordinary Shares
SHARE PRICE
RM 400.00
We started with two main fruits, dragon fruits & gingers as our produces. Our farm is located in Sepang, Selangor, on a 5-acre plot.
Actual photos of Stargrower's dragon fruit farm.
Dragon fruit, known locally as "buah naga” is a tropical fruit with 24 harvest cycles all year round. It is a vibrant-looking fruit with a mildly sweet flavour and unique, speckled flesh.
Bentong ginger is known for its intense pungency and spicy fragrance. Besides being a staple in many Malaysian cuisines, it is also well known for its medicinal properties.
Through our commitment to sustainable practices and technological advancements, we aim to create a world where food insecurity is minimised, supply chains are robust, and communities thrive with access to wholesome, locally-grown produce. We envision a future where our efforts contribute significantly to a more sustainable and resilient food system for future generations, starting with our dragon fruit & ginger farm.
The challenges of our agriculture industry:
We have chosen dragon fruit and Bentong ginger as our primary crops due to their ease of management and administration, high market demand, and short, frequent harvest cycles. Dragon fruit, in particular, offers a continuous harvest for up to nine years, ensuring a steady supply throughout the year. Both crops also provide high profit margins, making them attractive options for sustained agricultural profitability.
At Stargrower, managing plant diseases and pests is crucial for ensuring the health and productivity of our crops. Our comprehensive approach integrates preventive measures, early detection, and effective control strategies, utilizing both traditional and innovative techniques. By employing these methods and the polybag technique (this is specific to Bentong Ginger), we produce high-quality, healthy crops while maintaining ecological balance and promoting sustainable farming practices. The polybag technique further enhances our efforts by providing a controlled environment that reduces risks and improves crop management.
In Malaysia, the demand for dragon fruit and Bentong ginger is steadily rising, driven by local consumption. At Stargrower, our effective disease and pest management practices contribute to food security by ensuring consistent and reliable crop production. Expanding our cultivation area and adopting sustainable practices help meet this growing market demand. Our crops are sought after by committed off-takers. This commitment ensures the availability of these in-demand crops, supports the country's food supply and fosters long-term resilience in our farming ecosystem.
Our project stands out in agriculture due to a decade of extensive experience.
We focus only on middlemen resellers which can provide a sales contract volume with a stable price. We have readily available off-takers for both our harvests, dragon fruit and Bentong ginger at any time.
Domestically, dragon fruit is sold in supermarkets and other markets and can be made into products like jam and juice. Prices range from MYR 3.50–4.00 per kilogram at the farm to MYR 5.00–6.00 per kilogram in stores, with online sales also expanding. However, production faces challenges like disease outbreaks and limited research funding. Despite these issues, the market potential is significant, driven by high demand and good economic returns. Investing in research and effective disease management will be key to fully realising this potential.
Malaysia's dragon fruit export market is also thriving, with key buyers like Singapore and Hong Kong.
Source: Status and Challenges of Dragon Fruit Production in Malaysia.pdf
According to Nation Master, Malaysia's ginger production has seen a steady increase since 2014, averaging a growth rate of 0.8% annually. By 2019, Malaysia ranked 16th globally in ginger production, with an output of 11,205 metric tons.
Local demand for ginger in Malaysia remains high, making it a significant import commodity for the country. Dr. Salini Devi Rajendran, a Senior Lecturer at the School of Food Studies and Gastronomy at Taylor’s University, highlighted in Bernama that ginger is among the top imported foods. This reliance on imports underscores the importance of ginger in the Malaysian market and its continuous high demand
Despite facing challenges like disease outbreaks and limited research funding, the dragon fruit and ginger markets in Malaysia hold significant potential due to robust demand and promising economic returns. Fully realizing this potential hinges on strategic investments in research and effective disease management. By prioritizing these initiatives, Stargrower can seize opportunities and make substantial contributions to Malaysia's agricultural sector. The increasing dragon fruit and ginger production underscores the opportunity for further growth in both domestic consumption and international markets, highlighting a positive outlook for sustained expansion in this sector.
At Stargrower, we're driven to bring more of the fruits (and roots!) you love to your table. We're strategically expanding our crops to meet the growing demand for delectable dragon fruit and the prized Bentong ginger.
Early Harvest, Big Success
Our initial venture into dragon fruit has been a resounding success! Since launching in October 2023, our 4-acre dragon fruit operation has yielded over RM 14,000 in revenue. This impressive start highlights the potential for further growth. The beauty of dragon fruit is its rapid 2-week harvest cycle. By expanding our crops, we can ensure a consistent supply of this vibrant fruit, satisfying market needs and generating more income.
Double Duty with Dragon Fruit: Quality and Pest Management
We understand that quality is paramount. In addition to expanding our crops, we prioritize meticulous pest management practices to ensure our dragon fruit arrives at your table in pristine condition.
Polybag Power: A Sustainable Solution for Bentong Ginger
We're utilising the innovative polybag technique to maximize our farm's potential and ensure sustainable practices. This method involves growing crops in polyethene bags, offering a wealth of benefits:
Water Conservation: Polybags optimize irrigation, reducing water waste.
Reduced Erosion: Minimize soil erosion, protecting the precious resource.
Fewer Chemicals: The controlled environment allows for reduced reliance on harmful chemical inputs.
Climate Resilience: Polybags provide a more controlled environment, making crops more resilient to unpredictable weather patterns.
We're not just aiming for increased yield by embracing the polybag technique. We're committed to responsible farming that promotes resource efficiency, minimizes environmental impact, and fosters long-term sustainability. This approach ensures not only a bountiful harvest but also a healthy and resilient farming ecosystem for the future.
Our journey started in 2021.
The fund allocation breakdown details are as follows:
Chief Executive Officer
Seow Kim Chin, age 28, is the Chief Executive Officer of Stargrower Sdn Bhd. He is a dynamic entrepreneur with a diverse portfolio that includes two software companies and a strong presence in the agricultural sector, backed by three years of experience. Driven by a passion for entrepreneurship and technological innovation, he has successfully carved a niche in software integration solutions and promoting sustainable agricultural practices. Additionally, he owns Shiha Zikir Nasi Ayam, a chain of chicken rice shops in partnership with Malaysian singer Shiha Zikir. Together, they have opened two branches in Kuala Lumpur.
Experience:
2023 – Present
2021 - 2023
2018 - Present
2020 - Present
Chief Agriculture Officer
Chuan Yi Yong, aged 36, holds the position of Chief Agriculture Officer at Stargrower, leveraging 10 years of comprehensive experience in the agriculture sector. His expertise spans overseeing the cultivation of vegetables and fruits across various farms and plantations, with a strong focus on maximizing production. He has previously managed a mushroom plantation, utilizing rented shop lots for indoor cultivation, and played a key role in his family's agricultural enterprises. In his current capacity, he coordinates routine inspections, ensures farm maintenance, and offers guidance to farmers on advanced farming techniques
Experience:
2023 – Present
Ordinary Shares
The Issuer intends to raise up to RM 3,633,550 in this fundraising exercise.
RM 1,000,000
RM 3,633,550
RM 400 per share
2,500 shares
9,084 shares
RM 12,000
Retail, Angel, Sophisticated, and/or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets
Funds will be used for setup/ planting development expenditure (76%), working capital (12%), fertiliser cost (3%) & land clearance cost (9%).
The fund Usage Timeline: The fund will be utilised within 12 months.
14 working days after the end of the Fundraising Period.
An Investment Agreement for the subscription of the Shares and subject to review and / or amendment if required or deemed necessary by the Issuer and the ECF Platform
The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the Issuer, Stargrower Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of these information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following :
The financial information listed on the deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalisation table, the term sheet, and management accounts.
The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.
THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.
Should the Investor require more information, they can do so by contacting Stargrower Sdn Bhd directly at kimchiproperty@gmail.com.
(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period
(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007
(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.
Ordinary Shares (“Shares”)
Dividend
10% yearly based on the profit of the year
Stargrower Sdn Bhd eSSM
SSM
Stargrower Sdn Bhd - Special Audited Report 1st October 2023 until 31st March 2024
Financial Account
Stargrower - Pitch Deck (1)
Business Plan
Latest Stargrower Return of Allotment (ROA) - Post ECF
ROA
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RM 3,000,400
of RM 1,000,000
Min Target
RM 1,000,000
Max Target
RM 3,633,550
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RM 3,000,400
of RM 1,000,000
Min Target
RM 1,000,000
Max Target
RM 3,633,550
Min Investment
RM 12,000