Pinehill Pacific Berhad or PINEPAC, listed on Bursa Malaysia under stock code 1902, is a Malaysian investment holding company with a long history dating back to 1917. Formerly focused on oil palm plantation operations, the company sold its plantation assets in 2019 to United Plantations Berhad for RM 413 million, marking a strategic pivot toward exploring new business ventures.
Despite its efforts to diversify, Pinehill Pacific has struggled to achieve profitability, reporting a net loss of RM 1.94 million and generating minimal revenue of RM 257,000 in the trailing twelve months ending March 2024.
However, during its 2024 AGM, investors were delighted to receive an impressive RM300 Touch 'n Go e-wallet pin voucher as a reward.
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