|BATU KAWAN BERHAD was incorporated in 1965 and commenced operations as a plantation company when it took over the assets and liabilities of its
UK-predecessor company, Batu Kawan Rubber and Coconuts Plantations Ltd in 1971 under a scheme of reconstruction.
Over the years, BKB has diversified from its core plantation business into
the manufacturing of industrial chemicals. In 1992, the Company sold all its plantations assets to Kuala Lumpur Kepong Berhad ("KLK"), in exchange for shares. KLK is the Company’s largest investment in which it currently owns 47% equity stake.
In 2015, BKB through its wholly owned subsidiary, Caruso Australia Ventures Pty Ltd, had ventured into residential property development investments in Australia. These development projects are situated in the cities of Melbourne and Perth, and are managed by established professional Australian property developers.
As at 16 March 2021, BKB had completed the acquisition of
Chemical Company of Malaysia Berhad (“CCM”), a leading manufacturer
and supplier of chlor-alkali and polymer chemicals in Malaysia.
Following the successful take-over, CCM is now a wholly-owned
subsidiary of BKB. This
acquisition is strategic as it will increase BKB Group’s market
presence as a chlor-alkali chemicals manufacturer in Malaysia, along
with existing operations of its 98%-owned subsidiary, Malay-Sino
Chemical Industries Sdn Bhd.
BKB is also listed on Forbes Asia's "Fab50" list that features 50
of the best publicly traded, high performing blue chips in Asia