Corporate Milestone

2004
  • Rationalization exercise between I&P and Golden Hope Plantation Bhd. Restructured. Divested plantation business and reverted to pure property development. Acquired four new property companies to become the largest property landowner in Malaysia.
2003
  • Merger between I&P and AEB
2000
  • Purchased Houston Industries Sdn Bhd
1999
  • Opened Kinrara Golf Club
  • Launched cattle rearing project at Kerdau Estate
1997
  • Sold Niah Complex to Harvard Master Sdn Bhd
  • Opened Kinrara Link
1996
  • Launched Bayu LakeHomes
  • Launched Ampang 971
1995
  • Signed a joint venture agreement with Rumah Mamat Berhad to develop 1,738-hectare Chartquest estate
  • Signed a joint venture agreement with PT Pontimakmur Sejahtera to develop 30,000 hectares in Kalimantan Barat
  • Commisioned Pekaka Mill
  • Signed MOU with Kementerian Pembangunan Usahawan: Mentor-Mentee programme
1994
  • Purchased 40 per cent equity in Universal Building Products
  • Acquired 96-acre Loh Poh Heng Estate
1993
  • Commissioned Kerdau Palm Oil Mill
  • Launched Bandar Kinrara
  • Launched Bandar Perda Section 3
1992
  • Signed a joint venture agreement with PERDA to develop 10 hectares in Seberang Prai, Penang
1991
  • Acquired 1,031 hectares in Pajam, Negeri Sembilan; now partly being developed as Bayu LakeHomes
  • Acquired 14 per cent of Bintulu Edible Oils
1990
  • Redesigned corporate logos
  • Commissioned Batu Niah Palm Oil Mill
1989
  • Launched Employee Share Option Scheme
1988
  • Celebrated 25th anniversary
1986
  • Launched Desa Mutiara, Penang
1985
  • Entered into a joint venture with Sarako Sdn Bhd to acquire and develop 13,200 hectares of agriland in Sarawak, now known as Pekaka Estate
  • Purchased 4.6 hectares along Jalan Ampang; now being developed as Ampang 971
  • Launched Taman Sri Nibong, Penang
1984
  • Rationalised group activities:
    • I&P converted into solely an investment holding company
    • Changed name to Island & Peninsular Berhad
    • AEB became plantation arm
    • Launched Taman Setiawangsa, KL and Taman Inderawasih, Prai
    • Jointly deployed Desa Pandan
    • Formed joint venture company I&P Fletcher Binaan Sdn Bhd
1981
  • PERNAS sold its contolling interest to PNB which then became the new holding company
  • Acquired 102-hectare Gonggang Estate, now developed as Taman Setiawangsa
  • Acquired 70 per cent of BHB Sdn Bhd which owned 4,607 hectares of agriland in Sarawak
  • Acquired 771 hectares of land known as Kinrara Estate
1978
  • Haw Par sold its share which resulted in PERNAS holding 50.9 per cent
1977
  • PERNAS acquired 20 per cent of I&P
1972
  • Acquired Austral Enterprises Berhad
  • Haw Par Brothers International acquired 40 per cent became majority shareholder
1963
  • Incorporated as Island & Peninsular Berhad
  • November 25
  • Authorised capital RM 25 million
  • Principal activity property development