|BATU KAWAN BERHAD was incorporated in 1965 and commenced operations as a plantation company when it took over the assets and liabilities of its predecessor company, Batu Kawan Rubber and Coconuts Plantations Ltd in 1971 under a scheme of reconstruction.
From its core plantations business, the Company has over the years diversified into subsidiaries and investments in companies that manufacture basic chemicals, bleaching earth, latex examination gloves and rubber wood parquet and into stockbroking. Except for its basic chemicals and plantations business, the Company has since disposed and exited all these subsidiaries and investments.
In 1992, the Company sold all its plantations assets to Kuala Lumpur Kepong Berhad ("KLK"), in exchange for shares. KLK is the Company’s largest investment in which it currently owns 47% equity stake.
In 2009, BKB completed the construction of Menara KLK, a commercial office building located in Mutiara Damansara and is currently letting out its office space to established tenants such as KLK and The Edge Communications Sdn Bhd.
In 2015, BKB through its wholly owned subsidiary, Caruso Australia Ventures Pty Ltd, had ventured into residential property development investments in Australia. These development projects are situated in the cities of Melbourne and Perth, and are managed by established professional Australian property developers.
BKB is also listed on Forbes Asia's "Fab50" list that features 50
of the best publicly traded, high performing blue chips in Asia