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29th September 2020

Response To Concerns On Environmental Issues Raised By Non-Governmental Organisation (NGOs) Regarding The Company’s Investment In Sulawesi, Indonesia

UNITED MALACCA BERHAD

Type

Announcement

Subject

OTHERS

Description

RESPONSE TO CONCERNS ON ENVIRONMENTAL ISSUES RAISED BY NON-GOVERNMENTAL ORGANISATION (NGOs) REGARDING THE COMPANY’S INVESTMENT IN SULAWESI, INDONESIA

On 25 September 2020, United Malacca Berhad (“UMB”) announced a temporary stop on all work in Sulawesi due to environmental concerns raised by some Non-Governmental Organisations (NGOs).

 

Although UMB went into this project with approvals obtained from the local authorities and after an AMDAL (Environmental Impact Assessment) had been carried out, the NGOs are targeting the requirement for a proper HCV/HCS (High Conservation Value/High Carbon Stock) study conducted by accredited HCV/HCS assessors. The HCV/HCS study will take time.

 

UMB issued the stop-work order (specifically on land clearing) to facilitate HCV/HCS study.

 

Discussions are on-going with UMB’s Joint Venture Partner to decide on the next course of action. The HCV/HCS study needs to be done to determine the plantable and non-plantable areas. Due to the Covid-19 pandemic, UMB is unable to state with certainty the time frame needed to undertake and complete the HCV/HCS study.

 

This announcement dated 29 September 2020.