Towards a Better Tomorrow
 

Milestones

Date Milestone
Nov 1980 Date of Incorporation of Southern Acids (M) Sdn Bhd
Apr 1983

Completion and commissioning of first oleochemical plant

Nov 1990 Expansion of oleochemical business by setting up the second oleochemical plant through 51% equity participation in Pofachem (M) Sdn Bhd.
Jan 1991 Conversion of Company's status from a private limited company to a public limited company
Aug 1991

Officially listed on Bursa Malaysia Main Market (or previously known as The Main Board of Kuala Lumpur Stock Exchange)

Sep 1993

Diversified into dry bulk warehousing and export loading services of palm kernel expellers through the acquisition of a majority interest in PKE (Malaysia) Sdn Bhd and PKE Transport (M) Sdn Bhd.

1994

PKE operations was presented with the "Most Valued Customer" Award by Klang Port Management.

Nov 1994

A joint venture project via its Hong Kong based subsidiary SAB (East Asia) Holdings Ltd with IJM International Limited and two other Chinese parties to build and operate a 24 MW Co-Generation Plant under Wuxi Nenda Co-generation Company Limited in Wuxi County, Province of Jiangsu, China.

Apr 1995 Acquisition of the remaining 49% equity interest in Pofachem (M) Sdn Bhd.
Jun 1995 Acquisition of 644 acres of oil palm plantation at Bukit Kemuning, Shah Alam with potential for mixed-property development.
Jun 1995 Acquisition of 1.62 acres of freehold land in Section 14, Mukim and District of Klang to construct the future Sri Kota Specialist Medical Centre.
Nov 1995

Cooperate with IJM Corporations Berhad and one other company to joint venture with a Chinese party to form a Joint Venture Company - Yangzhong Changjiang Bridge Co., Ltd. to take charge of and hold the concession rights over Yangzhong Zhangjiang Bridge, Province of Jiangsu, People Replubic of China.

Apr 1997

Laying of Foundation Stone Ceremony of Sri Kota Specialist Medical Centre officiated by the Minister of Health, Yang Berhormat Dato' Chua Jui Meng.

Nov 1997 Acquisition of 3.25 acres of freehold land at G.M. 2172, Lot 2824, Mukim Klang, Daerah Klang.
May 1998 Consolidation of the oleochemical division by restructuring of the oleochemical plants.
May 1998

Divestment of equity interest in Wuxi Nenda Co-Generation Company Ltd.

Mar 1999

Joint venture with Indonesian Individuals in Pekanbaru, Province of Riau, Republic of Indonesia via Firstview Development Sdn Bhd and the acquisition of indirect interest of 56% equity in PT Mustika Agro Sari with some 6,538 acres of oil palm land/plantation.

Sep 1999

Completion and commissioning of the 232-bed Sri Kota Specialist Medical Centre.

Jun 2002

Completion and commissioning of a 45 MT/hour Palm Oil Mill at Pekanbaru, Indonesia through PT Mustika Agro Sari.

Aug 2002

Acquisition of 100% share equity in PT Wanasari Nusantara which owns some 13,136 acres of oil palm plantation land/plantation, via PT Mustika Agro Sari.

Nov 2006 Divestment of equity interest in Yangzhong Changjiang Bridge Co., Ltd.
June 2010

New corporate office at the 29th Floor of Wisma Centro, Klang.

June 2011 Acquired a plot of leasehold land (expiring on 31 December 2104) measuring approximately 1,087,693.20 square feet, located at the Palm Oil Industrial Cluster in Lahad Datu, Sabah, provisionally described as Lot 3B POIC Lahad Datu, Phase 1.
Nov 2011 Sri Kota Specialist Medical Centre awarded with a three (3) year MSQH (Malaysian Society for Quality in Health) accreditation from 12 November 2011 to 11 November 2014
Jan 2012

Acquired 300,000 ordinary shares from two (2) minority shareholders representing 10% equity interest in Firstview Development Sdn Bhd.

June 2013

PT Wanasari Nusantara construction of a palm oil mill with a processing capacity of 45 MT/hour upgradeable to 60 MT/hour

 

 
   
 
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