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.