18 March 2015- MAIDEN INVESTMENT 400 Hectares, in the East Coast of Peninsular Malaysia
LNP’s maiden investment was carried out in partnership with FIMA Corporation, a listed corporation on Bursa Malaysia with interests in oil palm plantations
FIMA & LNP jointly acquired Next Oasis for approximately US$1.2 million in cash and shares
Next Oasis is an investment company, which owns 404.6 hectares of greenfield arable land located on the East Coast of Peninsular Malaysia
LNP now owns 11% of Next Oasis with an option to acquire a further 9% to become an associate
Approximately 90% of the Next Oasis land is suitable for oil palm cultivation
The Next Oasis land is strategically located near palm oil mills and with access to roads
The land was completely planted with palms in January 2017
We estimate an uplift in valuation of our current investment to be in the region of 15%-20%. We expect this investment to grow by 100% over the next 36 months based in capital values of planted estates.
*Note: Disposed on 29th May 2017 with a Gross Return of 16%.