SHAH ALAM (March 3): ACE Market-listed electronic and industrial waste processor JAG Bhd is planning to unveil its maiden property development project in the third quarter this year (3Q2017). The company has also received the approval from its shareholders to diversify into property development and property investment at the company’s extraordinary general meeting (EGM) today. The property business will be spearheaded by a wholly-owned subsidiary company, JAG Land Sdn Bhd. "Moving forward, we will be focused on ensuring the success of our maiden mixed development project in Klang, Selangor. According to JAG Land project director Ng Seng Teik, the developer is looking at pricing the units at RM400,000 to RM500,000.

Source: The Edge Markets March 03, 2017 06:00 UTC