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Sarawak Oil Palms, Berhad, Miri
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Company website: https://7488-my.all.biz
About enterprise Sarawak Oil Palms, Berhad
SARAWAK OIL PALMS BERHAD (SOPB) is a Malaysian public company listed on the Bursa Malaysia (Formerly known as the Kuala Lumpur Stock Exchange). SOPB is involved primarily in the cultivation of oil palms and the operations of palm oil mills. As on the 9th May 2011, SOPB has an issued and paid-up of 433,163,959 ordinary shares of RM1.00 each. Its shareholders' fund or market capitalisation exceeds RM2.344 billion. History Sarawak Oil Palms Berhad (SOP), a leading Sarawakian plantation listed company was formed as a joint-venture between the Commonwealth Development Corporation (CDC) and the Sarawak State government in 1968 to pioneer the commercial planting of oil palms in the state with an initial area of land 4,600 hectares of Oil Palm Plantation under the name of Sarawak Oil Palms Sdn Bhd “SOPSB”. SOPSB has converted into a public company in year 1990 and its name was changed to Sarawak Oil Palms Berhad (SOPB). SOPB has listed on the Bursa Malaysia (Formerly known as Kuala Lumpur Stock Exchange) in August 1991. In June 1995, Shin Yang Plantations Sdn Bhd (SY Group) bought over CDC's entire share in SOPB of 25%. Presently, SY Group and Pelita Holdings Sdn Bhd (Sarawak State Government) remain as the two substantial shareholders of SOPB with shareholding of 37.5% and 28.5% respectively. SOPB Group has since then expanded its land bank to over 65,000 hectares with 35,000 hectares planted with oil palm located in Sarawak. Plantation of oil palm continue to remain as the sole core business of SOPB group. The Group has crude palm oil and palm kernel as its sole fruits products.