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Our Company was incorporated in Singapore on 26 September 2007 as a private company with limited liability and was converted to a public limited company on 20 June 2008. Our Company became the holding company of our Group pursuant to the Restructuring Exercise.

The history of our Group can be traced back to 1995 when our Chairman and CEO, Mr. Henry Maknawi acquired a land bank of 9,000 hectares on Bangka Island in Sumatera for the cultivation of oil palm plantations. We began our operations in the first quarter of 1995 and commenced planting in early 1996. In September 1997, our Group further acquired a land bank of approximately 15,000 hectares in South Kalimantan and began planting in 1998. The following sets out certain milestones achieved as part of our expansion strategy:

As at the Latest Practicable Date, our total land bank comprised approximately 95,410 hectares with a total planted area of 24,349 hectares.