Profile: Asian Plantations Ltd (PALA.L)

Asian Plantations Limited is an investment holding company. The Company, along with its subsidiaries, is engaged in the acquisition and development of palm oil plantation land in Sarawak, Malaysia. It has plantation land development, for palm oil estate in Malaysia. As of year ended June 30, 2010, the Company had two estates: BJ Corporation and Incosetia. The BJ Corporation is located 4,795 hectares in the cities of Miri and Bintulu. The Incosetia is located in 5,850 hectares estate in Sarawak. It harvest fruit bunches from this estate and sells it to a local palm oil crushing mill which in turn processes the fruit in to crude palm oil (CPO). On November 2, 2009, the Company acquired BJ Corporation Sdn. Bhd. On December 30, 2009, it acquired Jubilant Paradise Sdn. Bhd. (JP). In December 2010, the Company acquired Fortune Plantation Sdn. Bhd. In February 2012, the Company acquired 5,000 hectares of semi-developed plantation land in Sarawak, Malaysia.