Anglo-Eastern Plantations

Last updated
Anglo-Eastern Plantations plc
Company type Public
LSE:  AEP
IndustryFood
Founded1985
Headquarters London, England
Key people
Jonathan Law Ngee Song, Chair
Kevin Wong, CEO
ProductsPalm oil
Palm kernels
RevenueIncrease2.svg £372.3 million (2024) [1]
Increase2.svg £81.7 million (2024) [1]
Increase2.svg £67.6 million (2024) [1]
Website www.angloeastern.co.uk

Anglo-Eastern Plantations plc is a business operating palm oil plantations in Indonesia and Malaysia. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. [2]

Contents

History

The company was formed to consolidate a series of palm oil plantations in 1985. [3] These included part of the Tasik Estate in the South Labuhanbatu Regency in North Sumatra, a province of Indonesia. [4]

In May 1989, Chillington Corporation took a 52.2% shareholding in the company. [5] After the company's previous majority shareholder got into financial difficulties, [6] Genton International acquired a controlling holding in the company in October 1993. [7]

In August 2024, the company invested in a large compressed natural gas plant at the Tasik Raja Palm Oil Mill in the South Labuhanbatu Regency. [8]

Operations

As of November 2024, the company operated 121,655 hectares (300,620 acres) of plantations in Indonesia and 65,881 hectares (162,800 acres) of plantations in Malaysia. [9]

Major shareholder

As of September 2025, through Genton International, the estate of Lim Siew Kim owned about 51% of the company. [10] [11] Lim Siew Kim (died 2022) was the daughter of Lim Goh Tong (died 2007), who founded the Genting Group. [12]

References

  1. 1 2 3 "Annual Report 2024" (PDF). Anglo-Eastern Plantations. Retrieved 12 September 2025.
  2. "Apax Global Alpha (UK): Constituent Deletion – Update Changes in FTSE UK Index Series". FTSE Russell. 12 September 2025. Retrieved 16 September 2025.
  3. "Anglo-Eastern Plantations: Are shares of this palm oil grower fairly priced?". The Armchair Trader. 3 September 2024. Retrieved 12 September 2025.
  4. van Gelder, Jan Willem (1 December 2001). "German banks and palm oil and pulp & paper in Indonesia" (PDF). WWF. p. 24. Retrieved 16 September 2025.
  5. "Institutions question Chillington about AEP". The Independent. 6 May 1993. Retrieved 12 September 2025.
  6. "AEP gains traction under second generation". The Edge Malaysia. 16 September 2025. Retrieved 16 September 2025.
  7. "Market Report: Rolls takes a hammering as forecasts are sliced". The Independent. 19 October 1993. Retrieved 12 September 2025.
  8. "PT. KIS Biofuels Indonesia Memulai Pembangunan Pabrik BioCNG Komersial ke-2 di Indonesia". Klik Sumut. 12 August 2024. Retrieved 12 September 2025.
  9. "PT. Tasik Raja (Anglo Eastern Plantation) Miliki Lahan Sawit 121.655 Hektar". Indonesian Palm Oil News. 22 November 2024. Retrieved 16 September 2025.
  10. "Anglo-Eastern Plantations". Market Screener. Retrieved 12 September 2025.
  11. "Lim Goh Tong's daughter Siew Kim's will in dispute". The Edge Malaysia. 22 May 2023. Retrieved 12 September 2025.
  12. "Lim Siew Kim, daughter of late Genting group founder, dies aged 73". The Edge Malaysia. 15 July 2022. Retrieved 16 September 2025.