The durian play that went mushy
From mouth-watering vertical to millions in losses.
It’s durian season (and a Saturday), making it the perfect moment to check in on Malaysia’s only listed durian play.
PLS Plantations — controlled by tycoon Lim Kang Hoo — is unfortunately not having a durian runtuh (windfall) moment.
(Former CIMB chairman Nazir Razak, who chaired the company from 2021, retired from the board in November 2024.)
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Back in March 2019, PLS sold its investors on a mouth-watering, vertically integrated durian story.
At the top of the chain were the upstream operations: Jasa Indahmas (JISB) and its Melaka orchard, alongside Perfect Sunworld (PSSB), a contract-farming venture operating on 13ha in Raub, Pahang.