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Soon-to-be listed Sarawak Plantation Berhad expects to raise some RM90mil from its initial public offering (IPO) on the main board of Bursa Malaysia. Between 2001 and 2006, the company has generated accumulated revenue of RM763mil and profit before tax of RM220mil. As one of the main players in Sarawak’s oil palm industry, the listing would be a catalyst for its future growth and continued excellent business and operational performance.

The 7th of August 2007 is another milestone for the company as it launched its prospectus at the Ritz-Carlton Hotel, Kuala Lumpur. The launching of prospectus ceremony began with speeches by the Group Managing Director of Sarawak Plantation Berhad; Tuan Haji Mohamad Bolhair and followed by the Chairman of CIMB Group Tan Sri Dato’ Md Nor Yusof and the Guest of Honour Dato Seri Dr. James Jemut Masing, Minister of Land Development, Sarawak.

The speeches were made against an impressive backdrop of the prospectus cover where Datuk Hasmi Hasnan later presented Dato Seri Dr. James Jemut Masing a copy of the prospectus to signify the official launching of the prospectus. The closing of application for public issue is targeted on 15th August while the balloting of applications will commence on 17th August. The listing date on Bursa Malaysia has been set on 28th August 2007.

Also included in the programme was a corporate video presentation on Sarawak Plantation Berhad. After the launching, a press conference was held followed by lunch and briefing to analysts. The event ended smoothly in the afternoon after the briefing.

The prospectus can be downloaded from Bursa Malaysia website.



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