Deal #313

Location #1

Spatial accuracy level
Administrative region
Location
Sarawak, Malaysia

Target country
Malaysia
Comment on location
4,960 ha in Sejap Estate, Baram and 4,038 ha in Tegai Estata, Baram

Land area

Size under contract (leased or purchased area, in ha)
[2006] 9040
Size in operation (production, in ha)
[2012] 9000
[2016] 8998
Comment on land area
The area was originally leased to Pelita which formed a joint venture with Rinwood Oil Palm Plantations Sdn Bhd. In 2006, IOI acquired the shares held by Rinwood. 4,960 ha in Sejap Estate, Baram and 4,038 ha in Tegai Estata, Baram (IOI Group 2016 Annual Report)

Intention of investment

Intention of the investment
Agriculture unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2002] Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Contract #1

Duration of the agreement (in years)
56

Operating company

Operating company
Name of investment project
Sejap and Tegai estates

 

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Data source #1

Data source type
Company sources
File
Date
2013-01-01

Data source #2

Data source type
Company sources
File
Date
2012-01-01
Comment on data source
annual report 2012

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File
Comment on data source
Accessed 13:04:2015

Data source #5

Data source type
Media report
File
Date
2011-04-06

Data source #6

Data source type
Media report
File
Date
2013-04-05

Data source #7

Data source type
Company sources
File
Date
2016-06-01
Comment on data source
IOI group 2016 Annual report

How did the community react?

Community reaction
Rejection
Comment on community reaction
There was a land dispute case over the land in Sarawak which the Court of Appeal ruled in favor of IOI Group in 2013.

Promised benefits for local communities

Promised benefits for local communities
Education

Former land owner (not by constitution)

Former land owner
State
Community

Detailed crop, animal and mineral information

Crops area
Oil Palm

In country processing of produce

In country processing of produce
Yes

Overall comment

Overall comment
deal should be split up (p.280 of annual report 2014)

Nov. 30, 2016, 6:06 p.m.

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June 9, 2015, 8:10 p.m.

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April 13, 2015, 6:14 p.m.

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Aug. 13, 2013, 3:09 p.m.

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Aug. 13, 2013, 3:07 p.m.

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April 5, 2013, 4:59 p.m.

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April 5, 2013, 4:57 p.m.

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Feb. 15, 2013, 4:59 p.m.

active

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