2016 Synopsis
Digital annual report 2016
Corporate Development Highlights

  • 10 February 2016

    Kulim Energy Nusantara Sdn Bhd (“KENSB”) entered into a Supplemental Agreement with PT Citra Sarana Energi (“PT CSE”), PT Wisesa Inspirasi Sumatera (“PT WIS”) and PT Inti Energi Sejahtera (“PT IES”) to amend the terms of Conditional Subscription and Shares Purchase Agreement (“CSSPA”) from USD133.55 million to USD80 million.

  • 27 May 2016

    Disposal of a part of a leasehold land in Tanjung Langsat, Johor Bahru (approximately 30 acres) for a cash consideration of RM23 million.

  • 23 June 2016

    Kulim completed the acquisition of PT Tempirai Palm Resources (“PT TPR”) and PT Rambang Agro Jaya (“PT RAJ”), adding 8,345 hectares of planted oil palm in South Sumatera to the Group’s landbank.

  • 4 August 2016

    Completion of Selective Capital Reduction and Repayment (“SCR”) exercise under Section 64 of the Companies Act 1965. Kulim was delisted from the Official List of Bursa Malaysia Securities Berhad.

  • 13 November 2016

    Disposal of Granulab (M) Sdn Bhd to SIRIM Tech Venture Sdn Bhd.

  • 24 November 2016

    Acquisition of additional 25% equity interest in Classruum Technologies Sdn Bhd (“CRTSB”).

  • 8 December 2016

    Acquisition of the remaining 40% stake in Kulim TopPlant Sdn Bhd.