Sabah Softwoods Berhad (SSB) was incorporated in 1973 and commenced operations the subsequent year. SSB was originally held by Yayasan
Sabah (now Innoprise Corporation Sdn Bhd – ICSB) and North Borneo Timbers Bhd (NBT) in the proportion of 60% and 40% respectively. In 1997,
ICSB acquired the shares held by NBT and SSB became a wholly owned subsidiary for a short span until SSB acquired Tawau Plywood
Manufacturing Sdn Bhd (TPMSB). The acquisition of TPMSB involved issuance of new SSB shares and consequently ICSB′s shareholdings were
diluted to 70% whilst the remaining 30% are held by vendors of TPMSB.
In 2002, SSB entered into a Joint Venture for the construction and operation of a Crude Palm Oil (CPO) mill with equity participation of 40%
in Regional Harvest Sdn Bhd. Recently in 2004, SSB was offered a 30% stake to participate in another Joint Venture namely K.M. Hybrid
Plantation Sdn Bhd to develop 1000 hectares for planting of Acacia mangium hybrid trees.