by winston » Tue Sep 22, 2009 1:10 pm
Not vested. From Kim Eng:-
HLH Group (HLH) is looking to be Asia's biggest corn plantations group in the next 10 years, says its executive deputy chairman, Ong Bee Huat. And if this is achieved, it will be a big step up for a company that made agriculture its core business only two short years ago.
Originally listed on the Singapore Exchange main board as a construction company in 2000, HLH has undergone significant transformation over the years, flitting from construction to electronics to property and now agriculture as its niche. Even the group's name has been changed three times.
HLH still has a property arm that accounts for about 50 per cent of revenue. But Mr Ong says that this proportion will become smaller as the main focus of the business is recalibrated.
In August, the company reaped a modest maiden harvest of about six tonnes of corn per hectare from its 450-hectare plantation at Amplang Commune in Kampong Speu - a central province of Cambodia. Its first farm, the 450 ha is part of 1,791 ha of freehold land acquired.
(Sources: Company, SGX, Business Times, Dow Jones)
It's all about "how much you made when you were right" & "how little you lost when you were wrong"