Media News

Oil Palm Plantation Investment Holdings

Insider Moves

Notable filings
27 Jul, 2021
The Edge

Prosper Palm Oil Mill Sdn Bhd acquired 86,500 shares in plantation company United Malacca Bhd, nudging its shareholding to 24.43 million shares or 11.64%. Following the acquisition, the Tee family, which controls Prosper Palm Oil Mill, has a 22.3% shareholding in United Malacca.

The Tee family, via Prosper Trading Sdn Bhd, owns 23.73% in another plantation outfit Far East Holdings Bhd. Far East’s largest shareholder is Perbadanan Kemajuan Pertanian Negeri Pahang, which has 25.18% equity interest.

At its close of RM5.01 last Tuesday, United Malacca had a market value of RM1.07 billion.