Overview

SARAWAK OIL PALMS BERHAD (SOPB) is a Malaysian public company listed on the Bursa Malaysia (Formerly known as the Kuala Lumpur Stock Exchange).

SOPB started out as a joint-venture between the Commonwealth Development Corporation (CDC) and the Sarawak State government in 1968 to pioneer the commercial planting of oil palms in the state with an initial land area covering 4,600 hectares of oil palm plantation under the name of Sarawak Oil Palms Sendirian Berhad (SOPSB) before the group changed to its name to SOPB officially in 1990.

SOPB is involved primarily in the cultivation of oil palms and the operation of palm oil mills.

SOPB was listed on the Bursa Malaysia in August 1991. In June 1995, Shin Yang Plantations Sdn. Bhd. (SY Group) bought over CDC’s entire share in SOPB of 25%. Presently, SY Group together with Pelita Holdings Sdn. Bhd., an investment arm of the Sarawak State Government involving in property, urban development and plantation remain as the two substantial shareholders of SOPB with shareholding of approximately 35% and 28% respectively.

SOPB Group has since then expanded its land bank to over 121,000 hectares, with 87,000 hectares planted with oil palm trees in Sarawak. Oil palm plantation and the production of crude palm oil and palm kernels will continue to remain as the sole core business of SOPB Group.