Golden Hope Plantations Berhad (GHPB) was an estate and
plantations company in
Malaysia.
History
In 1905
Harrisons and Crosfield
Elementis plc is one of the UK's largest speciality chemicals and personal care businesses, with extensive operations in the United States, Europe and Asia. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Its ...
, a
British tea and coffee trading company purchased several small estates in
Malaysia for £50,000 and amalgamated them to form the ''Golden Hope Rubber Estate''.
In 1982 Harrisons and Crosfield sold three large plantation groups - Golden Hope, Pataling, and London Asiatic
- to Malaysian concerns for £146 million.
The business was renamed GHPB in 1990 after
Pemodalan Nasional Berhad took majority equity of the company. Its interests originally were in tropical
agriculture but, while
plantations have remained a core business interest, the company has diversified into other areas including
glycerine manufacture,
fruit juice
Juice is a drink made from the extraction or pressing of the natural liquid contained in fruit and vegetables. It can also refer to liquids that are flavored with concentrate or other biological food sources, such as meat or seafood, such as ...
s and
real estate. The group now has 83 subsidiaries based in seven countries. The main estate and plantations are
Carey Island and
Banting
Banting is a town and the seat of Kuala Langat District, Selangor, Malaysia. Banting has a population of 93,497. The postal code for Banting is 42700 and is administered by the Zone of 15 and 19 of the Kuala Langat Municipal Council. It is situa ...
in
Selangor.
In late November 2006, Synergy Drive Sdn Berhad, a
special purpose entity with financing from
CIMB Investment Bank Berhad, offered to acquire Golden Hope and seven others
PLCs "to create the world's largest listed oil palm plantation" company. The merger, the largest to take place in
Southeast Asia, was intended to consolidate over 6,000 km² of plantation land.
In November 2007, shares of Golden Hope was de-listed, and the company merged with
Sime Darby and
Guthrie. The shares were then re-listed on the
Bursa Malaysia on 29 November 2007 as Sime Darby. With the merger complete, Sime Darby was the largest company in Malaysia by market capitalisation.
References
External links
Golden Hope Plantations Berhad homepageBiofuel ReviewUnion, Community Activists Engage Golden Hope PlantationsCognis Oleochemicals seals Chinese joint ventureGolden Hope Sustainable Palm Oil Practices (March 2004)Company Overview of Golden Hope Plantations Bhd bloomberg.com
bursamalaysia.com
Companies formerly listed on Bursa Malaysia
Permodalan Nasional Berhad
Biodiesel producers
Companies established in 1905
1905 establishments in British Malaya
2007 disestablishments in Malaysia
Companies disestablished in 2007
Defunct companies of Malaysia
Companies based in Kuala Lumpur
{{Malaysia-company-stub