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Cambodia

Mega First Corporation Berhad (“MFCB”), through its subsidiary Mega First Plantation (Cambodia) Ltd (“MFPC”), has developed a 6,420-hectare coconut and macadamia plantation in Mondulkiri, Cambodia. The land concession began in April 2013, and since then the company spent several years evaluating the most suitable crops to cultivate based on Mondulkiri’s environmental conditions and economic viability. By 2017, large-scale planting of coconuts and macadamia nuts was underway, and to date, approximately 2,800 hectares have been planted.

The coconut trees are gradually reaching commercial maturity, with production expected to scale up in 2025. Meanwhile, the macadamia trees will require an additional 1-2 years to reach commercial maturity.

After extensive deliberation, MFPC decided to harvest coconut flower sap to process into coconut sugar products like syrup and granulated sugar. This decision is driven by the limited availability of pure, unadulterated coconut sugar in both industrial and retail markets. Additionally, there is growing global demand for these products. The superior health benefits of coconut sugar compared to refined white sugar further enhance its market potential.

Mondulkiri is Cambodia’s largest and most sparsely populated province, covering an area of 14,288 km² with elevations ranging from 190 to 1,000 meters. It is located in the southeastern part of the country and borders three provinces in Vietnam: Dak Lak, Dak Nong, and Binh Phuoc. Three rivers cross the province: the Srepok, Preaek Chhbaar, and Preaek Te Rivers.
The provincial capital, Senmonorom, is located in the southeastern part of the province, about 390 km from Phnom Penh, the national capital.
Mondulkiri is Cambodia’s largest and most sparsely populated province, covering an area of 14,288 km² with elevations ranging from 190 to 1,000 meters. It is located in the southeastern part of the country and borders three provinces in Vietnam: Dak Lak, Dak Nong, and Binh Phuoc. Three rivers cross the province: the Srepok, Preaek Chhbaar, and Preaek Te Rivers.
The provincial capital, Senmonorom, is located in the southeastern part of the province, about 390 km from Phnom Penh, the national capital.
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Malaysia

In 2024, Mega First Corporation Berhad (“MFCB”), through its subsidiary Mega First Agrotech Sdn Bhd, made a strategic investment in CSC Agriculture Holdings Sdn Bhd (“CSCAH”).

CSCAH is an investment holding company, with its subsidiaries specialising in fruit and vegetable cultivation, as well as wholesale distribution. The group currently operates and manages over 1,100 acres of farmland across Johor and Pahang, including more than 600 acres developed with a variety of crops and advanced greenhouse facilities dedicated to the production of clean leafy vegetables.

Thailand

In 2025, Mega First Corporation Berhad (“MFCB”), through its subsidiary Mega First Green Farms Limited, completed the acquisition of a 30% stake in Chiwadi Products Co., Ltd (“Chiwadi”).

Chiwadi is a Thailand-based company established in 2011, renowned for creating natural and organic ingredients, as well as food and beverage products – including health care and cosmetic items – made from coconut flower sap. The company collaborates closely with local farmers to develop and source raw materials, ensuring fair practices and sustainable farming methods. Operating under strict health and safety standards, Chiwadi holds certifications such as USDA Organic, EU Organic, COR Organic, FSSC 22000, Kosher, and Halal.

Its diverse product range includes coconut flower syrup, vinegar, sugar, amino sauce, seasonings, and new health beverages— all crafted without chemicals, artificial additives, or added sugars. Beyond product manufacturing, Chiwadi actively promotes a healthy lifestyle by encouraging consumers to adopt more natural living habits through innovative offerings supported by clinical research aimed at improving health and overall wellness.

The company’s dedication to innovation and sustainability has earned it multiple awards for environmentally responsible practices, including Thailand’s Prime Minister’s Export Award. In addition to promoting health and wellness, Chiwadi actively supports local communities and advocates for environmentally responsible farming. Its unwavering focus on sustainability, health, social impact, and lifestyle enhancement has positioned it as a leading and trusted name in Thailand’s food industry and beyond.

https://chiwadi.com/