Founded 2004 | Parent organization Tradewinds (malaysia) | |
Subsidiaries M. P. Plantation Sdn Bhd | ||
Tradewinds Plantation Berhad (MYX: 6237) is one of the largest plantation operators in Malaysia. Tradewinds Plantation Berhad is listed on the Main Board of Bursa Malaysia.
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Background
The Group has a landbank of 141,430 hectares, with 77,095 hectares in Sarawak, another 11,302 hectares in Sabah, and the remaining 53,039 hectares in Peninsular Malaysia. Some 95,270 hectares or 67.3% have been developed into oil palm and rubber estates, with another 12,235 hectares or 8.6% under development. As at year end, the Group’s total remaining plantable reserves stood at 24,491 hectares, which will be developed over the next four years.
Merger
On 25 May 2004, Tradewinds (M) Berhad and Johore Tenggara Oil Palm Berhad announced the proposed merger involving fourteen of Tradewinds (M) Berhad's plantation subsidiary companies with Johore Tenggara Oil Palm Berhad. The merger was completed on 28 February 2006. Pursuant to the merger, the listing status of Johore Tenggara Oil Palm Berhad was transferred to Tradewinds Plantation Berhad which made its debut listing on the Main Board of Bursa Malaysia on 15 March 2006 .