KUALA LUMPUR: Matang Bhd
's wholly-owned subsidiary, Matang Agriculture and Plantation (Segamat) Sdn Bhd (Maps), is looking to increase its landbank for durian plantations via the purchase of
10 adjacent parcels of agricultural land in Tangkak, Johor, for about RM18.2mil cash.
In a stock exchange filing, the group said its subsidiary had inked two sales and purchase agreements with Ophir Quarry Sdn Bhd and Kwong Ming Mean for the land parcels, which will increase its plantation land from 1,150.38ha to 1,170.02ha.
Matang presently operates a total of 121.03ha of durian plantations in its Segamat and Yong Peng estates, which represents approximately 10.7% of the group's total plantation estate allocation.
The group said its durian segment has made important strides with early-stage growth in the financial year ended June 30, 2025 (FY25), and is expected to gain further traction in FY26 as its durian operations mature.
"The durian sector has proved to be an emerging growth pillar for Matang as the industry continues to gain attention for its premium export potential, particularly in China and regional markets.
"Moreover, the group is actively exploring downstream opportunities, particularly in durian paste processing, to unlock greater value from future harvests."
The group said it is also exploring agri-tech solutions and data-driven farming practices to optimise resource allocation, monitor tree health, and improve long-term yield consistency across both palm oil and durian estates.
It said the land purchase will be funded via internally generated funds and the balance of proceeds from the private placement exercise undertaken in 2021.
The proposed acquisition is expected to be completed in the first half of 2026.
