 | |
| Formerly | Harrisons & Crosfield |
|---|---|
| Company type | Public limited company |
| Industry | Plantation, Oils & Fats & Others |
| Founded | 1905 |
| Defunct | 27 November 2007 |
| Successor | Sime Darby |
| Headquarters | Menara PNB,Jalan Tun Razak, Kuala Lumpur,Malaysia |
Key people | Ahmad Sarji Abdul Hamid (Chairman) |
| Website | www |
Golden Hope Plantations Berhad (GHPB) was an estate andplantations company inMalaysia.
In 1905Harrisons and Crosfield, aBritish tea and coffee trading company purchased several small estates inMalaysia for £50,000 and amalgamated them to form theGolden Hope Rubber Estate.[1]
In 1982 Harrisons and Crosfield sold three large plantation groups - Golden Hope, Pataling, and London Asiatic[2] - to Malaysian concerns for £146 million.[1]
The business was renamed GHPB in 1990 afterPemodalan Nasional Berhad took majority equity of the company. Its interests originally were in tropicalagriculture but, whileplantations have remained a core business interest, the company has diversified into other areas includingglycerine manufacture,fruit juices andreal estate. The group now has 83 subsidiaries based in seven countries. The main estate and plantations areCarey Island andBanting inSelangor.[3]
In May 1990, Golden Hope signed a memorandum with theMalaysian Institute of Microelectronic Systems (MIMOS) for designing an industrial control system for the automation of palm oil mills; the system's project began in 1988. The control system was meant to be better than the existing ones which were forty years old.[4]
In late November 2006, Synergy Drive Sdn Berhad, aspecial purpose entity with financing fromCIMB Investment Bank Berhad, offered to acquire Golden Hope and seven othersPLCs "to create the world's largest listed oil palm plantation" company. The merger, the largest to take place inSoutheast Asia, was intended to consolidate over 6,000 km2 of plantation land.[5]
In November 2007, shares of Golden Hope was de-listed, and the company merged withSime Darby andGuthrie. The shares were then re-listed on theBursa Malaysia on 29 November 2007 as Sime Darby. With the merger complete, Sime Darby was the largest company in Malaysia by market capitalisation.[6]
 | This Malaysian corporation or company article is astub. You can help Wikipedia byadding missing information. |