The Company was incorporated in Singapore on 13 November 2009. The Company and
its subsidiaries (the “Group”) produce crude palm oil (“CPO”) and palm kernels
in Indonesia. The Group’s oil palm plantation is located in West Kalimantan
where, the Group believes, the climatic conditions are suitable for oil palm
cultivation. The Group’s primary business is in the cultivation of oil palms,
harvesting of the fresh fruit bunches (“FFB”) from the oil palm plantation, and
processing the FFB (together with purchased FFB) into CPO and palm kernels
which are sold domestically within Indonesia.
As at 30 September 2009, the Group holds Hak Guna Usaha (a right over land
allowing the exploit, use or cultivation of land covered by such right in
Indonesia) to 16,079 hectares (“ha”) of oil palm plantation land of which
approximately 11,381 ha are under cultivation, including land cultivated
pursuant to the Cooperation Agreements under the Plasma Programme with local
farmers. As at 30 September 2009, the Group’s palm oil mill has a FFB
processing capacity of 60 tons per hour.
SGX source · Source update: 07/05/2023 08:45:25 AM (timezone not specified). Source text may be historical.