KLSE (MYR): HSPLANT (5138)
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Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in the planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. Majority of the group sales were local delivered sales to refiners within Malaysia.