Full Description

Golden Agri-Resources Ltd (GAR) is a Singapore-based investment holding company. The Company’s primary activities includes cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), and refining CPO into industrial and consumer products, such as cooking oil, margarine and shortening. The Company operates in two divisions: Indonesia Agri-business and China Agri-business. During the year ended December 31, 2008, the Company acquired five estates in Kalimantan with total planted area of 11,000 hectares. In September 2008, the Company, through its wholly owned subsidiary, Asia Palm Oil Investment Pte. Ltd. (APOI), acquired Eco Investment Limited (Eco Investment). In October 2009, it incorporated a wholly owned subsidiary, Sinar Mas Natural Resources (China) Investment Co., Ltd (SNC). In November 2009, the Company announced the incorporation of a wholly owned subsidiary, Easton Capital Resources Pte. Ltd. (ECR).