Profile: Hap Seng Plantations Holdings Berhad (HAPP.KL)

Hap Seng Plantations Holdings Berhad (HSP) is a Malaysia-based investment holding company. The Company carries out marketing and trading activities for its subsidiaries. It is principally engaged in the cultivation of oil palm and processing of fresh fruit bunches (FFB) carried out in Malaysia. The Company’s plantations having a combined area of 38,357 hectares are located on one contiguous plot of land measuring approximately 36,354 hectares between Lahad Datu and Sandakan, and a smaller area in Tawau measuring 1,276 hectares and 727 hectares in Kota Marudu (Pelipikan Estate). As of January 31, 2008, 33,782 hectares were planted with oil palms of which 31,367 hectares or 92.9% were mature palms. The Company’s subsidiaries include Jeroco Plantation Sdn Bhd and Hap Seng Plantations (River Estates) Sdn Bhd. In December 2009, the Company completed the acquisition of Pelipikan Plantation Sdn. Bhd.