MILESTONE

About Us  »  Milestone

 

Since the commencement of business, our Group has achieved the following key achievements and milestones.

  • 1828

    Boustead & Company was established in Singapore.

  • 1910

    The Barlow family involved in large scale agriculture, primarily rubber and palm oil, in Malaya.

  • 1946

    Incorporated as public limited company under the name of The Kuala Sidim Rubber Company Limited (KSRCL).

  • 1960

    Boustead & Company was split into Boustead Plc in London and Boustead Holdings Bhd (BHB), which held the Singapore and Malaysia assets.


    KSRCL began converting rubber crops to oil palm.

  • 1966

    Changed name to The Kuala Sidim Rubber Company Berhad (KSRCB).


    Barlow Boustead Estates Agency Limited (BBEA) was established through merger between BHB and Barlow & Company.

  • 1969

    BBEA became substantial shareholders of KSRCB and assumed role of managing agent.

  • 1970

    KSRCB began acquiring landbank in Sabah.

  • 1973

    BHB was split into BHB, which held the Malaysia assets, and Taiping Singapore Pte Ltd, which held the Singapore, Hong Kong and Brunei assets.


    KSRCB was listed on Bursa Securities and Singapore Stock Exchange


    KSRCB established Highland Research Unit Sdn Bhd (HRU), a joint venture agricultural research entity.

  • 1976

    BHB became a wholly-owned Malaysian entity with Lembaga Tabung Angkatan Tentera (LTAT) as its shareholder.

  • 1977

    Nationalisation of BBEA with shares purchased by BHB, FELDA, Tabung Haji and LTAT.

  • 1982

    BHB acquired all interest in BBEA. Renamed it to Boustead Estates Agency Sdn Bhd (BEA).

  • 1986

    Co-founded Applied Agricultural Resources Sdn Bhd, an agricultural research and advisory services unit.

  • 1987

    Disposed entire interest in HRU.

  • 1990

    Delisted from Singapore Stock Exchange.

  • 1993

    Became the principal listed vehicle for BHB Group’s plantation interests.

  • 1994

    Changed name to Kuala Sidim Berhad.


    Began expanding oil palm business in Sarawak.


    Expanded directly owned plantation interests

  • 2003

    Delisted from Bursa Securities following takeover offer by BHB.

  • 2004

    Changed name to Boustead Plantations Berhad (BPB).

  • 2007

    Al-Hadharah Boustead REIT listed on the Main Market of Bursa Securities.

  • 2013

    Acquired 2,400 hectares (ha) of oil palm plantations land in Lahad Datu, Sabah.


    Privatisation of Al-Hadharah Boustead REIT.


    Acquired BEA from BHB.

  • 2014

    Relisting of BPB on Bursa Malaysia.

  • 2017

    Disposal of 678 ha Malakoff Estate, Penang.

  • 2018

    Acquired 11,579 ha of oil palm plantation land in Labuk and Sugut, Sabah.

  • 2019

    Acquired 4,415 ha of palm plantation land and palm oil mill in Beluran, Kinabatangan and Labuk and Sugut, Sabah.

  • 2021

    Reinventing Boustead Strategy was introduced


    BPlant achieved a record-high revenue of RM1.1 billion, the first since relisting on Bursa Malaysia in 2014.

  • 2022

    Initiated move towards certification of ISO 37001:2016 Anti-Bribery Management Systems.


    Listed on FTSE4Good BursaMalaysia Index and FTSE4Good Bursa Malaysia Shariah Index.


    Registered another record-high revenue of RM1.2 billion, the highest since relisting on Bursa Malaysia in 2014.

  • 2023

    Recognised by The Edge Billion Ringgit Club Awards 2023 for ‘Highest Returns to Shareholders Over Three Years’.


    LTAT initiated unconditional takeover offer on BPlant.


    FTSE4Good score improved from 3.1 in FY2022 to 3.4 in FY2023.


    ESG-based SPOTT rating for FY2023 assessment improved to 65.6%.

  • 2024

    Taken private by LTAT and delisted from Bursa Malaysia Main Market on 23 January 2024.