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Home › Dodgy Deals ›
Dodgy Deal
SamlingHong Kong

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Contact:

nature@banktrack.org

Last update: 2021-03-19 00:00:00
Photo: Unknown

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Contact:

nature@banktrack.org

Last update: 2021-03-19 00:00:00
Why this profile?
About
Sectors Agriculture for Palm Oil , Construction
Headquarters
Ownership
Subsidiaries
Website http://www.samling.com

The Samling group, which is based in the Malaysian state of Sarawak on Borneo, is one of Malaysia's biggest logging companies and responsible for the ongoing destruction of large areas of tropical rainforest. Samling oversees about 4 million hectares of forest concessions in Malaysia, Guyana and New Zealand, with 518,000 in total gross area plantations.

As stated on the company website, “The total gross area of our tree plantation land is approximately 438,000 hectares in Malaysia, 35,000 hectares in New Zealand and 3,000 hectares in China of which approximately 15,000 hectares, 26,000 hectares and 1,000 hectares respectively, have been planted as of 30 June 2008.”


Samling has been particularly criticized for the systematic destruction of tropical rainforests in the Malaysian state of Sarawak on the island of Borneo, one of the world's centers of biological diversity and ancestral home of the Penan people.

Credit Suisse of Switzerland, British HSBC and Australia's Macquarie Securities have listed Samling Global Ltd, a Malaysian logging company, on the Hong Kong stock exchange. The sale of shares commenced on 23 February, with official stockmarket beginning 7 March. Samling expected to raise US$280 million from the listing, or US$322 if options are exercised in full. The company intends to use the proceeds for expansion of their logging practices to repay debts.

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Institution type
Finance type
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News
BankTrack
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External
BankTrack news BankTrack blog Partner news Partner blog

COMMUNITY ALERTS SARAWAK GOVERNMENT OF ONGOING LOGGING IN UPPER BARAM FOREST AREA

2021-03-19 | Bruno Manser Fonds
BankTrack news BankTrack blog Partner news Partner blog

Penan score victory as logging road blockades halt timber giant's encroachment on their rainforests

Defiant forest communities announce they will continue to fight the Samling corporation's activities within the
2010-04-26 | Long Sabai, Sarawak, Malaysia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Credit Suisse involved in Malaysian logging giants stock exchange listing

2007-02-15 | Basel, Zuerich | Berne Declaration
Resources
Documents
Images
Links
2011-05-03 00:00:00

Samling Annual Reports

Annual report
2011-05-03 00:00:00 | Samling
2007-09-11 00:00:00

Malaysia threatens to revoke Samling certification

Other document
2007-09-11 00:00:00 | Bruno Manser Fonds
2007-06-06 00:00:00

Bank says logging firm is improving its practices

Other document
2007-06-06 00:00:00 | South China Morning Post
2007-05-10 00:00:00

HSBC reviews its due diligence on the Samling Deal

Other document
2007-05-10 00:00:00
2007-04-16 00:00:00

Report on Samling

Other bank document
2007-04-16 00:00:00 | HSBC
2007-04-04 00:00:00

HSBC riks fund managers over Samling support

Other document
2007-04-04 00:00:00 | South China Morning Post

Samling logging - Malaysia

2007-04-03
NGO letter on Samling share issue Penan communities protest against bank involvement in Samling share issue Malaysian security forces set up camp to prevent Penan from blockading logging road. Saun Bujung, headman of Penan community of Long Bengali Site map of MTCC certified concession and Penan blockade
Photos and actions on the Samling share issue

Bruno Manser Fonds

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