Genting Plantations Berhad Announces Production Results for the Month of May 2023

Genting Plantations Berhad is a Malaysia-based company, which is engaged in plantation and provision of management services to its subsidiaries. The Company's segments include Plantation, Property, AgTech, Downstream manufacturing and Others. The Plantation segment includes upstream activities relating to oil palm plantations in Malaysia and Indonesia. The Property segment includes activities relating to property development and property investment. The AgTech segment includes activities relating to genomics research and development. The Downstream manufacturing segment includes activities relating to manufacturing and sale of palm oil derivative products. It has a landbank of about 64,500 hectares in Malaysia and some 178,900 hectares (including the Plasma schemes) in Indonesia. It owns approximately seven oil mills in Malaysia and six in Indonesia, with a total milling capacity of 705 metric tons per hour. Its subsidiaries include ACGT Sdn Bhd and Genting AgTech Sdn Bhd.