Genting Plantations Berhad (34993-X)

www.gentingplantations.com

Genting Plantations Berhad ("Genting Plantations"), a 52.8%-owned subsidiary of Genting Group, is one of the fastest-growing plantation companies listed on the Main Market of Bursa Securities. Incorporated in Malaysia on 29 September 1977, Genting Plantations was listed on Bursa Securities on 30 August 1982. As at 23 February 2016, it had a market capitalisation of RM8.6 billion (US$2.0 billion).  

Genting Plantations currently has about 240,000 hectares of plantation land (compared to 41,000 hectares in 2000) in Malaysia and Indonesia. Since its inception, Genting Plantations 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, Genting Plantations has also ventured into property development. The first project by Genting Plantations's property arm, Genting Property Sdn Bhd ("Genting Property"), is the 55-hectare Genting Cheng Perdana in Central Melaka, which is near the tail-end of development.

Its second project is the 284-hectare Genting 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 Genting Permaipura Golf & Country Club.

In the southern state of Johor, Genting Property has two projects: Genting Indahpura and Genting Pura Kencana Sri Gading. Genting 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.

Genting Pura Kencana Sri Gading is the newest real estate project from Genting Property 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.

Genting Plantations has also boldly ventured into the biotechnology industry. In 2007, the company through subsidiary ACGT 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.



 


 

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