MHC Plantations Bhd ("MHC") is principally engaged in palm oil cultivation, investment holding and the operation of a hotel. The principal activities of its subsidiaries consist of cultivation of oil palm, sale of fresh fruit bunches, investment holding and property development. MHC was incorporated in the Federation of Malaya on 31 December 1960 under the Companies Ordinances, 1940-1946 as a limited company under the name of Mah Hock Cheong Company Limited. On 15 April 1966, under the Act, MHC assumed the name of Mah Hock Cheong Company Sdn Berhad. MHC subsequently assumed the name of MHC Plantations Sdn Berhad on 9 July 1998 and thereafter converted to a public company under its present name on 21 August 1998. MHC has been listed on the Main Market of Bursa Securities since 29 November 2000. In 2005, MHC had successfully acquired a strategic 32% stake in a plantation listed company, namely Cepatwawasan Group Berhad ("CWG"), based in Sandakan. CGB is listed on the Main Market of Bursa Securities. CGB is principally an investment holding company, whilst its subsidiary companies are principally involved in the cultivation of oil palm, operation of quarry, milling and sales of oil palm products. Presently, CWG has oil palm estates of approximately 25,500 acres in Sabah.