as myx 4065 ftse bursa malaysia klci component industry food production agriculture waste management film distribution property investment property development founded 1968 ; 48 years ago 1968 as perlis plantations berhad founder robert kuok headquarters ubn tower jalan p. ramlee kuala lumpur malaysia key people oh siew nam chairman lim soon huat managing director products flour animal feed consumer goods packaged food services retail real estate residential property development waste management film distribution cinema operations revenue rm04 .0 billion 2015 1 operating income rm00 .2 billion 2015 1 net income rm01 .1 billion 2015 1 total assets rm21 .9 billion 2015 1 total equity rm20 .6 billion 2015 1 parent kuok brothers sdn bhd 50.81 % 2 subsidiaries ffm berhad golden screen cinemas sdn bhd chemquest sdn bhd ppb hartabina sdn bhd website www.ppbgroup.com ppb group berhad is a malaysian diversified conglomerate which engages in food production agriculture waste management film distribution property investment and development . ppb is also the single largest shareholder through an 18 percent stake in wilmar international one of the leading palm oil producers and agribusiness companies in the world . the company was founded in 1968 as perlis plantations berhad from which it derives its current name by robert kuok to cultivate and mill sugar cane in the northern malaysian state of perlis . the company went public in 1972 and has since ventured into other industries although it exited the sugar business in 2009 . today its main business is the supply of flour to downstream food producers . its subsidiary ffm is the largest flour miller in malaysia . the kuok family retains control of the company with a 50.8 percent shareholding . contents 1 history 1.1 foundation and sugar origins 1.2 expansion and diversification 1.3 2000s 2 business 2.1 flour and feed milling 2.2 film exhibition and distribution 2.3 environmental engineering 2.4 properties 2.5 palm oil 3 references 4 external links history edit foundation and sugar origins edit robert kuok and his brother philip founded the company kuok brothers as a rice wholesaler in malaya in 1948 . 3 they ventured into the sugar and flour milling business in the 1950s and 60s . in 1952 kuok brothers began acquiring sugar plantations in 1952 and founded perlis plantations berhad in 1968 to house its sugar cane cultivation and milling business . 4 the company also established malaysian sugar manufacturing company msm a sugar refiner in 1959 . 3 kuok said the choice to switch from the rice to sugar business was due to tough competition in the rice market in the 1950s . having gone to school in the english medium raffles institution in singapore he also had an advantage in the sugar industry since the sugar trade was conducted in english . 3 kuok brothers also established federal flour mills ffm in 1962 entering the flour milling industry to take advantage of the government s import substitution economic policy . 3 by the end of the 1960s through ppb msm and its sugar commodities trading business kuok brothers was said to control more than 10 percent of the world s sugar supplier earning kuok the nickname the sugar king . 3 expansion and diversification edit kuok took ppb public in 1972 . the listing coincided with kuok shifting the focus of his business outside malaysia especially to singapore . 3 subsequently kuok brothers began consolidating its core businesses into ppb . ppb acquired msm in 1976 and added ffm to its fold in 1987 . 3 4 in the 1980s the company expanded into the property development and palm oil plantation industries . it acquired local property developer tai yan realty since renamed ppb hartabina and a 34 percent stake in shaw brothers malaysia between 1982 and 1984 . 4 its involvement in properties also led to the company venturing in retail by operating several supermarkets and discount stores throughout malaysia . from 1996 to 2000 it operated the tops chain of supermarkets in a joint venture with dutch retailer ahold but exited the business due to continuing losses . 3 5 the property division also included rasa sayang beach hotels from 1987 until 1999 when it was transferred to the shangri la group . 3 ppb entered into a joint venture with golden harvest international ltd of hong kong to establish golden screen cinemas gsc to take over the shaw cinema chain in 1987 . the group subsequently bought our golden harvest s stake . 4 gsc has since grown into one of malaysia s largest cinema chains and film distributors . 3 in 1986 and 1987 respectively ppb acquired saremas sdn bhd in sarawak and 60 percent of sapi plantations in sabah to establish itself in the palm oil plantation business . 4 it also acquired a 70 percent interest in indonesian palm oil producer pt tidar sungkai sawit ptss in 1995 . 4 the east malaysian palm oil businesses were consolidated into ppb oil palms berhad in 1997 and was listed in the kuala lumpur stock exchange . 4 ptss was transferred into ppb oil palms in 2000 . 4 in the 1990s the group acquired a majority holding in chemquest sdn bhd in stages to enter the waste management business . in 2001 chemquest through its 25 percent stake in konsortium abbas sdn bhd won a 30 year concession to operate the sungai semenyih dam and water treatment plant . 3 2000s edit in 2007 the group divested its stake in ppb oil palms to wilmar international in exchange for wilmar shares . as a result it now has an 18.3 percent interest in wilmar making it the single largest shareholder . 4 ppb also sold msm and other sugar related businesses to felda global ventures in 2009 for rm1 .25 billion . 6 business edit flour and feed milling edit flour and feed milling is the group s largest segment by sales . 2 the segment comprises ffm berhad an 80 percent subsidiary of the group . ffm is the largest flour miller in malaysia with a total milling capacity of 2 550 megatonnes per day . 7 ffm also operates mills in vietnam thailand and china through associate companies . 7 ffm is also a significant player in the animal feed business in malaysia . 8 film exhibition and distribution edit golden screen cinemas gsc a subsidiary of the group is the largest cinema chain in malaysia . gsc operates in 28 locations throughout malaysia mainly in shopping centres under the cineplex and boutique luxury concepts . 9 gsc also distributes chinese independent english and foreign language films to cinemas television channels and hotel operators . 10 environmental engineering edit the group through is subsidiary chemquest provides water treatment waste management and chemicals manufacturing solutions in malaysia . 11 properties edit the group s property investment division owns and manages cheras leisure mall and cheras plaza in cheras and new world park in penang . its property development subsidiary ppb hartabina develops mainly residential properties . the group is part of a joint venture with khazanah nasional developing the puteri harbour mixed residential office and retail development in the iskandar malaysia development corridor in southern johor . 12 palm oil edit ppb is an 18 percent shareholder in associate company wilmar international an agribusiness group based in singapore . wilmar is one of the largest cultivators of palm oil and the largest palm oil trader in the world . 13 due to wilmar s size it contributes to more than half of ppb s pre tax profits under the equity method of recognising its share of wilmar s profits in its own profit or loss . 14 references edit a b c d e interim financial report for the fourth quarter ended 31 december 2015 ppb group berhad 31 december 2015 retrieved 28 february 2016 a b annual report 2014 ppb group berhad 31 december 2014 retrieved 19 august 2015 a b c d e f g h i j k ppb group berhad history . funding universe . retrieved 9 august 2015 . a b c d e f g h i our history . ppb group berhad . retrieved 9 august 2015 . ahold becomes full owner of tops supermarkets in malaysia . koninkiljke ahold n.v. 21 december 2000 . retrieved 9 august 2015 . jayaseelan risen 4 november 2009 . the mystery of sugar king kuok exiting sugar business in m sia . the star . retrieved 9 august 2015 . a b flour milling . ppb group berhad . retrieved 9 august 2015 . animal feed milling . ppb group . retrieved 9 august 2015 . begum mumtaj 26 march 2015 . the big picture what malaysian cinema operators have planned for moviegoers . the star . retrieved 9 august 2015 . film distribution ppb group berhad retrieved 9 august 2015 our business chemquest sdn bhd retrieved 9 august 2015 ppb confident puteri harbour project will succeed despite property glut reports . the star . 29 june 2015 . retrieved 9 august 2015 . balch oliver 26 january 2015 . world s largest palm oil trader commits to zero deforestation . the guardian . retrieved 9 august 2015 . higher earnings for ppb group . the star . 6 august 2015 . retrieved 9 august 2015 . external links edit official website business data for ppb group berhad bloomberg reuters v t e constituents of the ftse bursa malaysia klci ammb holdings astro axiata british american tobacco malaysia cimb group holdings digi felda global ventures genting genting malaysia hong leong bank hong leong financial group ihh healthcare ioi corporation klcc property holdings & klcc reit kuala lumpur kepong maybank maxis misc petronas chemicals petronas dagangan petronas gas ppb group public bank rhb capital sapurakencana sime darby telekom malaysia tenaga nasional umw holdings ytl corporation retrieved from https en.wikipedia.org w index.php title ppb group & oldid 723456872 categories food and drink companies of malaysiacompanies based in kuala lumpurcompanies established in 1968hidden categories use dmy dates from february 2016official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read 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