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Matang Berhad (“Matang” or the “Company”), was incorporated in Malaysia on 28 April 2015 under the Companies Act, 1965 as a public limited company. It is an investment holding company with subsidiaries principally involved in:

-the management of plantation estate,

-the sale of fresh fruit bunches; and

-the property investment holding.

 

MANAGEMENT OF PLANTATION ESTATE AND SALE OF FRESH FRUIT BUNCHES

Our oil palms are cultivated and our FFBs are harvested on 1,082.1 hectares of plantation estate land located in Johor known as the Matang Estate.

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Flow of Major Processes

The major processes involved in the planting of oil palm are as follows:

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Procurement of germinated seeds

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FFB production begins with the selection of oil palm seeds.

 

Planting seedlings in the nursery

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Planting seedlings in palm groves

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Harvesting FFB from mature oil palms

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Sale of FFB to third party millers

FFBs harvested are then loaded onto our trailer lorry. The weights of the FFBs are recorded by weighing the trailer lorry on a weighbridge before and after FFBs are loaded. To ensure the quality of the FFB, FFBs are transported to third party millers within 48 hours after harvesting.

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PROPERTY INVESTMENT HOLDING

Apart from our plantation operations, our Group has the following investments:

Larkin Investment Property

Matang owns an investment property located at No. 83A, Jalan Langkasuka, Kawasan Perindustrian Larkin (also known as Dato’ Onn Industrial Estate), 80350 Johor Bahru comprising one (1) unit of 1 ½ storey detached warehouse (Block A), one (1) unit of 1 ½ storey detached warehouse cum factory (Block B), a 5-storey detached flatted factory (Block C), two (2) guardhouses and other ancillary structures. The premises are currently tenanted by third parties.

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Tangkak Investment Land

MRSB owns a vacant land measuring approximately 5,016.85 square metres which is held for property development.