JAG unit agrees to buy Selangor freehold land for RM 36.89 million
Bitget2026/10/14 09:34- JAG Bhd’s renewable energy unit agreed to buy a freehold industrial land parcel in Shah Alam for RM 36.89 million.
- Site spans about 15,016 square meters in Hicom Industrial Estate; seller is Japan’s Kobe Steel.
- Land is earmarked to expand the group’s total waste management operations, including end-of-life data center equipment, solar panels, EV batteries.
- Funding to come from internal funds, bank borrowings; transaction expected to complete by Jan. 16, 2027.
- Laurelcap valued the land at RM 42 million on Aug. 28, 2026; highest percentage ratio disclosed at 19.07%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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