Tuesday, November 29, 2011
Hii King Chiong family companies profit from nearly 1,000,000 acres in Sarawak
Rinwood Sago Plantation Sdn Bhd, Delta Padi Sdn Bhd and Borneo Agri-Resouces Sdn Bhd are among the many companies owned by the Foochow Hii family. These 3 companies alone are presently profiting from nearly 200,000 acres of Plantation approval in Sarawak. It is reported that Rinwood Group has nearly 800,000 acres in LPF and TL for cutting timber in Sarawak. With turnover of over a billion annually the group profits in the hundreds of millions every year.
Hii King Chiong have now entered mainstream politics by trying to capture the SUPP (Sarawak United People's Party) Piasau, Miri branch chairman post. Hii family and the multi-billion group Rimbunan Hijau are backing Wong Soon Koh to take over SUPP.
With the promise of getting hundreds of thousands of acres more if Wong Soon Koh takes control of SUPP then the Kingwood Group of Companies will be elevated to the multi-billion category.