Carson Cumberbatch PLC has issued a clarification to avoid speculative reports that its subsidiaries, namely Goodhope Asia Holdings Limited and four Malaysian plantation companies, Indo-Malay PLC, Shalimar (Malay) PLC, Selinsing PLC and Good Hope PLC were seeking large scale listing of their palm oil operations on the Singapore Stock Exchange.

Carson Cumberbatch states that the companies mentioned in this connection are Goodhope Asia Holdings Limited and the palm oil companies listed on the Colombo Stock Exchange. Certain reports had stated that the company thus to be listed is Goodhope Asia Holdings Limited while certain other reports had stated that all five of the companies were seeking to be listed.

Carson Cumberbatch adds that as an ongoing process the company is actively seeking to raise funds for its continuing project expansions and seeking to be listed is one such option that is being explored among others such as debt financing, private equity etc.

No decision has been made to date and if and when a decision is taken it would be duly announced. This clarification is to avoid the market being misled by these speculative reports, says Carson Cumberbatch.