Our History
Golden Land Berhad (“GLBHD” or the “Company”) started its oil palm plantation business in the late 1980s with a small estate of 82 hectares at Telupid, Sabah. From that small estate, it grew to 10,150 hectares with a 60 metric tons per hour crude palm oil mill with an annual milling capacity of 360,000 metric tons of fresh fruit bunches. In the same period, the Company also ventured into logging, sawmilling and plywood manufacturing businesses which subsequently closed in 2006. In 2011, the Company further expanded its presence into Indonesia plantation.
In 2016, the Company decided to dispose 9,812 hectares of Malaysian oil palm plantation and the crude palm oil mill to focus its resources to develop greenfield plantation in Indonesia. The Company had thus “reset” GLBHD’s financial performance. Recognizing that the Indonesia plantation business will take about seven (7) – eight (8) years to achieve breakeven, GLBHD decided to venture into property development to generate revenue whilst waiting for positive contributions from the plantation business. Both the oil palm plantation and the property development are the Company’s main core businesses.
GLBHD is listed on the Main Board of Bursa Malaysia Securities Berhad.