JAG unit agrees to buy Selangor freehold land for RM 36.89 million

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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JAG Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3714847) on October 14, 2026, and is solely responsible for the information contained therein. (C)