Anglo-Eastern Plantations

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Anglo-Eastern Plantations plc
Company typePublic
LSE: AEP
IndustryFood
Founded1985
HeadquartersLondon, England
Key people
Jonathan Law Ngee Song, Chair
Kevin Wong, CEO
ProductsPalm oil
Palm kernels
RevenueIncrease £372.3 million (2024)[1]
Increase £81.7 million (2024)[1]
Increase £67.6 million (2024)[1]
Websitewww.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]

History

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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

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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

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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

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  1. ^ a b c "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.
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