Asiatic Development Berhad (“Asiatic”), a 53.8%-owned subsidiary of Genting Group, is one of the fastest-growing plantation companies listed on the Main Board of Bursa Malaysia. Incorporated in Malaysia on 29 September 1977, Asiatic was listed on Bursa Malaysia on 30 August 1982. As at 31 July 2008, it had a market capitalisation of RM4.9 billion.

Asiatic currently has over 80,000 hectares of plantation land (compared to 41,000 hectares in 2000) in Malaysia and Indonesia. Since its inception, Asiatic has established itself as a reputable and reliable palm oil producer as well as one of the lowest-cost palm oil producers in Malaysia.

Whilst the plantation business remains its core activity, Asiatic has also ventured into property development. The first project by Asiatic’s property arm, Asiatic Land Development Sdn Bhd ("Asiatic Land"), is the 55-hectare Asiatic Cheng Perdana in Central Melaka, which is near the tail-end of development.

Its second project is the 284-hectare Asiatic Permaipura in Kedah. Located in the northern part of Malaysia near the town of Sungei Petani, this comprehensive township offers a mix of commercial properties, bungalow lots, residential houses and an 18-hole golf course with a clubhouse, The Permaipura Golf & Country Club.

In the southern state of Johor, Asiatic Land has two projects: Asiatic Indahpura and Asiatic Pura Kencana Sri Gading. Asiatic Indahpura is a 7,000-acre integrated township with a mix of residential and commercial properties located near the town of Kulai. Easily accessible from major highways, the township is 10 minutes away from the state’s Senai Sultan Ismail International Airport by car.

Asiatic Pura Kencana Sri Gading is the newest real estate project from Asiatic Land and is located near the town of Batu Pahat. This project can be easily reached from Malaysia’s most comprehensive highway, the North-South Expressway, and is located near amenities such as a hypermarket, malls and tertiary institutions.

Asiatic has also boldly ventured into the biotechnology industry. In 2007, the company’s wholly-owned Asiatic Centre for Genome Technology Sdn Bhd entered into a joint venture with US-based Synthetic Genomics, Inc. In line with its aim to be a world-class centre of excellence in genomic science in Malaysia, ACGT is receiving technical assistance from the highly acclaimed US-based J. Craig Venter Institute to explore the use of genomics-based techniques to improve yields and profit streams of oil palm.