Golden Hope Plantations Berhad (GHPB) was an estate and

plantation Plantations are farms specializing in cash crops, usually mainly planting a single crop, with perhaps ancillary areas for vegetables for eating and so on. Plantations, centered on a plantation house, grow crops including cotton, cannabis, tob ...

s company in

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

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. * British national identity, the characteristics of British people and culture ...

tea and coffee trading company purchased several small estates in

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 encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created ...

but, while

s have remained a core business interest, the company has diversified into other areas including

glycerine Glycerol () is a simple triol compound. It is a colorless, odorless, sweet-tasting, viscous liquid. The glycerol backbone is found in lipids known as glycerides. It is also widely used as a sweetener in the food industry and as a humectant in ...

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 ...

s and real estate. The group now has 83 subsidiaries based in seven countries. The main estate and plantations are

Carey Island Carey Island () 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 separated from the Sela ...

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 situ ...

Selangor Selangor ( ; ), also known by the Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 states of Malaysia. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the e ...

. In May 1990, Golden Hope signed a memorandum with the Malaysian Institute of Microelectronic Systems (MIMOS) for designing an industrial control system for the automation of palm oil mills; the system's project began in 1988. The control system was meant to be better than the existing ones which were forty years old. In late November 2006, Synergy Drive Sdn Berhad, a

special purpose entity A special-purpose entity (SPE), also called a special-purpose vehicle (SPV) or a financial vehicle corporation (FVC), is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, speci ...

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 branch ...

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 is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Au ...

, 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, referred to as Sime, is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial equipment and automotive sectors. Background The modern Sime Darby Berhad corporation was created in 2007 t ...

and Guthrie. The shares were then re-listed on the

Bursa Malaysia Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in 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 p ...

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 Golden Hope Biodiesel producers Companies established in 1905 1905 establishments in British Malaya 2007 disestablishments in Malaysia Companies disestablished in 2007 1982 mergers and acquisitions 1990 mergers and acquisitions 2007 mergers and acquisitions Defunct companies of Malaysia Companies based in Kuala Lumpur {{Malaysia-company-stub