Far East Holdings Bhd (Malaysia)

Far East Holdings Berhad (FEHB) is a Malaysian company located in Kuantan. It was incorporated on August 6, 1973, under the Companies Act, 1965, initially as Far East Holdings Sdn. Bhd. It later became a public company on September 26, 1986, and changed its name to Far East Holdings Berhad. FEHB made its debut on the Bursa Malaysia Securities Berhad (formerly known as Kuala Lumpur Stock Exchange) on January 31, 1991, after a public offer for sale of 17,246,000 shares. The company's major shareholders include Perbadanan Kemajuan Pertanian Negeri Pahang (PKPP) (25.18%), Prosper Trading Sdn. Berhad. (23.73%), Hikmat Elit Sdn. Bhd (9.26%), and LKPP Corporation Sdn. Bhd. (5.96%). As of December 31, 2022, the company's paid-up capital is 593,837,985 units of ordinary shares. FEHB's main activity is in the cultivation and production of oil palm. The company's headquarters is dedicated to providing oil palm plantation advisory and management services to all of its estates. The company's mission is to become a leading plantation company in terms of land acreage, financial performance, and profitability through cost reduction. They aim to grow through an integrated approach in expanding their plantation and related industries while maintaining a balanced approach towards employees, the environment, and profits. Their vision is to be a respected industry player and achieve sustainable palm oil production through continuous improvement, productivity, and cost efficiency.