Page 33 - Annual Report 2021

Property & Plantation

uM Plantations Management Agency Agreement
The Group’s Plantation business Currently UM signed between UM Plantations and
began with the development of its Properties Boustead Estates Agency Sdn Bhd.
Oil Palm Plantation estate in Kota is dormant. However on 1 September 1999. The agreement
Tinggi, Johor and the establishment was completed in 2020 and since
of UM Plantations Sdn Bhd which was in 2022 onwards, UM 2021, UM Plantations has been
approved during the LPU Meeting on Properties is poised managing and operating the estate
10 June 1999. The estate is located at to be the next major independently.
the Universiti Malaya forest reserve revenue generator
in Lot 396 Sg. Ulu Sedeli Besar, Kota in the UMH Group. Year in review
Tinggi Johor with an area of 402.6 UMH will kick-start For the 2021 financial year, UM
hectares earmarked for oil palm this segment with the Plantations was affected by the age
cultivation. Initially, this UM oil palm following projects:
plantation project planted 54,100 oil
palm seedlings on 397.8 acres. • Development of the
new UMSC Hospital.
The inauguration ceremony of the UM • Development of a
Oil Palm Plantation in Kota Tinggi, premium student
Johor was held on 7 March 2000 and accommodation for
officiated by YBhg. Tan Sri Dato’ Dr. Hj
Abdullah Sanusi Ahmad. 4,000 students.

The estate was operated by Boustead
Estates Agency Sdn Bhd through a

Annual Report 2021 33