Tradewinds Plantation Berhad
Tradewinds Plantation Berhad's operation of plantation is one of the largest in Malaysia. Tradewinds Plantation Berhad is listed on the Main Board of Bursa Malaysia.
Background
The Group has a landbank of 141,465 hectares, of which 77,124 hectares or 54.5% are located in Sarawak, another 11,302 hectares or 8.0% are in Sabah, while the remaining 53,039 hectares or 37.5% are 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 .