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Draft:Gopeng Berhad

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Gopeng Berhad is a Malaysian public-listed company primarily involved in renewable energy, agriculture, and property development. It is listed on the Main Market of Bursa Malaysia under the stock code 2135. The company is headquartered in Gopeng, Perak, and has a long-standing history dating back to its incorporation in the 1980s. Gopeng Berhad has evolved from its roots in tin mining to become a diversified enterprise focused on sustainable development, particularly in solar energy and agro-industrial ventures.

History

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Gopeng Berhad was established as part of Malaysia's tin mining boom and initially operated as a mining and mineral extraction company. During the 1990s, with the global decline in tin prices and Malaysia's shift towards a post-industrial economy, the company began restructuring its portfolio to reduce dependency on mining-related revenues.

In the early 2000s, Gopeng Berhad diversified into property development and agriculture. Under the leadership of Executive Chairman and CEO, Dato' Mohd Salleh bin Hashim, the company adopted a sustainability-oriented strategy that focused on land rehabilitation, renewable energy investments, and long-term real estate value creation.

Business Segments

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Renewable Energy

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One of Gopeng Berhad's most significant ventures is its large-scale solar photovoltaic (PV) project located in Kampar, Perak. Operated through its wholly-owned subsidiary, GBS Suria Sdn Bhd, the 50MWac solar farm is among one of the largest privately held solar installations in Malaysia.

The solar facility was developed at a cost of approximately RM218.76 million and commenced operation under a 21-year Power Purchase Agreement (PPA) with Tenaga Nasional Berhad (TNB), which was later extended to 25 years. The electricity generated contributes directly to Malaysia's renewable energy goals under the Malaysia Renewable Energy Roadmap (MyRER).

In 2023, RAM Sustainability awarded the project a Tier-1 Environmental Benefit ranking, citing its alignment with climate resilience and sustainability objectives.https://ram.com.my/pressrelease/?prviewid=6805 This ranking reflects the project’s high positive environmental impact and its role in advancing Malaysia’s carbon-neutral energy objectives.

Agriculture

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Gopeng Berhad is actively engaged in two primary agricultural activities: oil palm cultivation and pineapple farming.

Oil Palm Plantation

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Gopeng Berhad owns and operates approximately 1,434 hectares of oil palm plantations at the Kota Bahroe Estate in Gopeng, Perak. This estate represents a significant transformation of former tin mining land, with around 73% of the area successfully rehabilitated for agricultural use. The plantation reflects the company’s commitment to sustainable land use and environmental stewardship.

The estate has been certified under the Malaysian Sustainable Palm Oil (MSPO) standard, which ensures that the plantation adheres to rigorous environmental, social, and economic sustainability practices. The MSPO certification confirms Gopeng Berhad's compliance with national benchmarks for good agricultural practices, biodiversity conservation, fair labor treatment, and traceable supply chains.https://mr3cert.com/wp-content/uploads/2020/09/MSPO-Stage-2-Audit-Report-Part-3-Gopeng-Bhd_Kota-Bahroe-Group-Estate-1.1.pdf

In addition to its sustainability credentials, Gopeng Berhad’s palm oil operation has been noted for its innovative use of post-mining land and contribution to regional employment. The plantation supports dozens of local workers and contractors and plays a role in rural economic development within the Kampar and Gopeng areas. The company has implemented soil conservation methods, proper water management practices, and Integrated Pest Management (IPM) techniques to enhance productivity while reducing environmental impact.

Moreover, Gopeng Berhad has been commended in audit evaluations for maintaining a well-structured estate management system, adherence to labor welfare standards, and transparent record-keeping practices. While it has not yet received national palm oil awards, its MSPO compliance and audit findings position the estate as a model for responsible medium-scale palm oil operations in Malaysia.

The company continues to explore innovations in yield optimization and downstream integration, including the potential for local palm oil milling partnerships and value-added palm-based products.

Pineapple Farming (GoPine)

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In 2020, Gopeng Berhad launched the GoPine MD2 pineapple project, aimed at producing high-grade pineapples for both domestic consumption and export. The project spans 404.7 hectares and is expected to produce over 25,000 tonnes annually by 2025. With an investment of RM12 million, GoPine is poised to become northern Malaysia's largest MD2 plantation.https://www.malaymail.com/news/money/2020/10/08/gopeng-bhd-working-towards-biggest-md2-pineapple-project-up-north/1910924

Property Development

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Through subsidiaries such as Gopeng Land & Properties Sdn Bhd and Gopeng Road Development Company Sdn Bhd, the company develops residential, commercial, and industrial properties in Perak.

Notable developments include:

Taman Seri Raia – A residential township

Gopeng Industrial Park – Light and medium industrial units

Bandar Baru Lapangan – Featuring 142 double-storey terrace units with completion expected by 2025

These projects contribute to local urban development and provide affordable housing solutions.

Corporate Ratings and Rankings

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Gopeng Berhad’s environmental initiatives, particularly in the renewable energy sector, have earned recognition from independent rating agencies. In 2023, its solar PV project developed by GBS Suria was assigned a Tier-1 Green Ranking by RAM Sustainability, indicating the highest level of environmental benefit. This certification positions the company among Malaysia’s top-rated green project developers.

While Gopeng Berhad is not rated by international credit rating agencies such as S&P or Moody’s, it maintains a strong reputation among local institutional investors due to its compliance, ESG reporting, and stable dividend policy.

Additionally, the company adheres to Bursa Malaysia’s ESG disclosure requirements and has been cited as an emerging mid-cap company with potential for inclusion in sustainable investment portfolios.

Shareholding and Financials

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As of 2025, Dato' Mohd Salleh bin Hashim remains the largest shareholder in Gopeng Berhad, with a combined direct and indirect ownership of approximately 132,975,000 shares.

The company’s financial disclosures are regularly filed with Bursa Malaysia, and detailed performance metrics can be found via KLSE Screener.https://www.klsescreener.com/v2/stocks/view/2135

Corporate Governance

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Gopeng Berhad operates under a governance framework in compliance with Malaysia’s Corporate Governance Code. It maintains a board of directors comprising independent and executive members. The Board Audit Committee oversees internal audits, financial transparency, and compliance practices.

Sustainability and ESG Commitment

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Gopeng Berhad is committed to environmental, social, and governance (ESG) principles. The company incorporates ESG metrics into all its major projects and discloses these standards via annual sustainability reports. In alignment with the UN Sustainable Development Goals (SDGs), Gopeng focuses on clean energy (SDG 7), sustainable agriculture (SDG 2), and responsible consumption (SDG 12).

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Gopeng Berhad Official Website

Gopeng Solar Plant Overview - Power Technology

SolarQuarter - PPA Extension for Gopeng Solar

Gopeng MD2 Pineapple Project - Malay Mail

Gopeng Berhad Profile - KLSE Screener

RAM Sustainability Tier-1 Green Ranking Announcement

References

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https://gopeng.com.my/the-company/

https://mr3cert.com/wp-content/uploads/2020/09/MSPO-Stage-2-Audit-Report-Part-3-Gopeng-Bhd_Kota-Bahroe-Group-Estate-1.1.pdf

https://en.wikipedia.org/wiki/Kuala_Lumpur_Kepong_Berhad

https://en.wikipedia.org/wiki/United_Plantations