PLS Plantation to reduce oil palm business

Lim says most of the company’s revenue is still dominated by oil palm.

PETALING JAYA: Ekovest Bhd’s subsidiary, PLS Plantation Bhd, is planning to reduce its oil palm plantation business from 80% currently to just about 15% over the next few years.

Ekovest group executive chairman Tan Sri Lim Kang Hoo said for now, most of the company’s revenue was still dominated by oil palm.

“The company will gradually diversify its crop to include durian, pineapple, bananas and other crops that are also important in the government’s food security initiative,” he told reporters during Ekovest group’s Chinese New Year open house yesterday. — Bernama