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Golden Hope Plantations Berhad (GHPB) was an estate and
plantation A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The ...
s company in
Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
.


History

In 1905 Harrisons and Crosfield, a
British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...
tea and coffee trading company purchased several small estates in
Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
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 Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people t ...
but, while
plantation A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The ...
s have remained a core business interest, the company has diversified into other areas including
glycerine Glycerol (), also called glycerine in British English and glycerin in American English, is a simple triol compound. It is a colorless, odorless, viscous liquid that is sweet-tasting and non-toxic. The glycerol backbone is found in lipids known ...
manufacture, fruit juices and
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
. The group now has 83 subsidiaries based in seven countries. The main estate and plantations are
Carey Island Carey Island ( ms, Pulau Carey) is an island in Selangor, Malaysia. It is administered by the Zone 17 of the Kuala Langat Municipal Council. Carey Island is located to the south of Port Klang and north of Banting town. It is a huge island sepa ...
and Banting in
Selangor Selangor (; ), also known by its Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 Malaysian states. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east ...
. In late November 2006, Synergy Drive Sdn Berhad, a
special purpose entity A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited ...
with financing from
CIMB CIMB Group Holdings Berhad () is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 bran ...
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 Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainlan ...
, 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 Sime Darby Berhad () is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments. Background The modern Sime Darby Berhad corpo ...
and Guthrie. The shares were then re-listed on the
Bursa Malaysia Bursa Malaysia is the stock exchange of Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides a full integration of transactions, offe ...
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 homepage

Biofuel Review

Union, Community Activists Engage Golden Hope Plantations

Cognis Oleochemicals seals Chinese joint venture

Golden 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