AEP Plantations
| Company type | Public |
|---|---|
| LSE: AEP | |
| Industry | Food |
| Founded | 1985 |
| Headquarters | London, England |
Key people | Jonathan Law Ngee Song, Chair Kevin Wong, CEO |
| Products | Palm oil Palm kernels |
| Revenue | £372.3 million (2024)[1] |
| £81.7 million (2024)[1] | |
| £67.6 million (2024)[1] | |
| Website | www |
AEP 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
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]
The company changed its name to AEP Plantations in November 2025.[9]
Operations
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.[10]
Major shareholder
As of September 2025, through Genton International, the estate of Lim Siew Kim owned about 51% of the company.[11][12] Lim Siew Kim (died 2022) was the daughter of Lim Goh Tong (died 2007), who founded the Genting Group.[13]
References
- ^ a b c "Annual Report 2024" (PDF). Anglo-Eastern Plantations. Retrieved 12 September 2025.
- ^ "Apax Global Alpha (UK): Constituent Deletion – Update Changes in FTSE UK Index Series". FTSE Russell. 12 September 2025. Retrieved 16 September 2025.
- ^ "Anglo-Eastern Plantations: Are shares of this palm oil grower fairly priced?". The Armchair Trader. 3 September 2024. Retrieved 12 September 2025.
- ^ 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.
- ^ "Institutions question Chillington about AEP". The Independent. 6 May 1993. Retrieved 12 September 2025.
- ^ "AEP gains traction under second generation". The Edge Malaysia. 16 September 2025. Retrieved 16 September 2025.
- ^ "Market Report: Rolls takes a hammering as forecasts are sliced". The Independent. 19 October 1993. Retrieved 12 September 2025.
- ^ "PT. KIS Biofuels Indonesia Memulai Pembangunan Pabrik BioCNG Komersial ke-2 di Indonesia". Klik Sumut. 12 August 2024. Retrieved 12 September 2025.
- ^ "Change of name". Investegate. Retrieved 6 February 2025.
- ^ "PT. Tasik Raja (Anglo Eastern Plantation) Miliki Lahan Sawit 121.655 Hektar". Indonesian Palm Oil News. 22 November 2024. Retrieved 16 September 2025.
- ^ "Anglo-Eastern Plantations". Market Screener. Retrieved 12 September 2025.
- ^ "Lim Goh Tong's daughter Siew Kim's will in dispute". The Edge Malaysia. 22 May 2023. Retrieved 12 September 2025.
- ^ "Lim Siew Kim, daughter of late Genting group founder, dies aged 73". The Edge Malaysia. 15 July 2022. Retrieved 16 September 2025.