|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 2009, BKB completed the construction of Menara KLK, a commercial office building located in Mutiara Damansara and is currently letting out its office space to established tenants such as KLK and The Edge Communications Sdn Bhd.
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 31 December 2020, BKB had acquired up to a 60.33% stake in
Chemical Company of Malaysia Berhad, a leading manufacturer and
supplier of chlor-alkali and polymer chemicals in Malaysia. 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