JAG expected to sign deal with main shareholders

PETALING JAYA: JAG Bhd is expected to enter into an agreement with its main shareholders for an industrial land injection by the end of September, barring any unforeseen circumstances.

The proposed acquisition pertains to a piece of industrial land in Sungai Buloh, which has already obtained a development order. “The acquisition is still in the pipeline and no agreements have been entered into, as the parties are still in the midst of negotiating the terms of the sale and purchase,” the company said.