Harn Len Corporation Bhd, together with its subsidiaries, engages in the cultivation of oil palm in Malaysia. It operates through Plantation, and Property and Others segments. The company is involved in the operation of oil palm estate and palm oil mills; sales and purchase of fresh fruit bunches; sales and trading of crude palm oil and palm kernel; and provision of plantation development contract services.

It also invests in land, commercial, and industrial buildings; operates a food and beverage outlet; and owns Johor Tower, a 25-storey office building, as well as six units shophouses, three units of factory buildings, and two pieces of vacant land located in the Johor Bahru city and within the Iskandar Development Region, Johor. The company was incorporated in 2000 and is headquartered in Johor Bahru, Malaysia.

COMPANY STRUCTURE

PRINCIPLE ACTIVITIES

Harn Len Group is primarily engaged in the cultivation of oil palm plantations, the operation of palm oil mills, the supply of plantation development services, palm oil estate and plantation management, investment holding, real estate investment, and the operation of a food and beverage outlet.

As of 30 June 2021, the Harn Len Group has 17,091 hectares of oil palm plantations, most of which are located in Pahang and Sarawak. 15 percent of the trees are immature, compared to 85 percent mature palms. It owns a 60-metric-ton-per-hour FFB oil mill in Sarawak.

Harn Len also owns six (6) units of shophouses, three (3) units of manufacturing buildings, and two (2) parcels of unoccupied land in the commercial business centre of Johor Bahru city and within the Iskandar Development Region of Johor, in addition to the 25-story office skyscraper known as Johor Tower. In Kuching, Sarawak, the company also owns a seven-story office and residential complex.

TARGET PRICE 2.50/3.00

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