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in damage to approximately 13,672

young palms. In the circumstances,

plans to establish a patrol team

and construct trenches to deter

elephants from entering the

fields are underway. In any event,

all damaged palms have to be

replaced thus causing delays

before they can be harvested.

Ladang Sg Siput, Perak

The permission and approvals

for land development at our

greenfield estate in Sg. Siput,

Perak measuring 2,000 hectares

have been obtained from the

relevant authorities after much

delay. An environmental impact

assessment exercise (“EIA”) has

also being carried out and is now

pending final approval from the

Department of Environment.

As part of the EIA exercise,

management held 2 focus group

discussions to share information

with and seek feedback from

the indigenous and local

communities, local authorities

and NGOs regarding the planned

development. It is pleasing to

note that based on the outcome

of the survey undertaken among

the stakeholders, 61.2% of the

respondents expressed their

agreement towards the project.

We hope to be in a position to

commence initial development

works in this current financial year.

Capital expenditure (“CAPEX”)

During the year under review, the

division spent RM19.95 million on

CAPEX largely towards plantation

development works and purchase/

replacements of fixed assets.

Furthermore, the infrastructure

at all our new developments have

been designed to facilitate in-

field mechanization. We provide

good quality housing for our

workers and further investments in

workers’ housing as well as other

estate infrastructures will continue

in this current financial year. Roll-

out of the upgraded IT system

across all our Malaysian estates

which commenced last year is

expected to be completed in this

current financial year. The new IT

system would provide the Group’s

head office more visibility and

control of the estates’ operations.

Sustainability Standards

Certification

As at 31 March 2019, all our 4

Malaysian estates have been

recommended for certification to

the Malaysian Sustainable Palm

Oil standards (“MSPO”) and are

now pending certificate issuance.

Selected employees have been

sent for training to ensure that we

performance

review

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