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Friday, 16 June 2017

(The Edge Financial Daily) JAG Bhd targets 50% revenue contribution from property Development

JAG Bhd is aiming to achieve a 50:50 ratio of revenue contribution for its waste management and property development business in the next five years or sooner, said its chairperson and executive director Datin Stacey Tan Siew Ching.

The company is planning to roll out two to three property projects in the next five years, she told reporters after the company’s annual general meeting and extraordinary general meeting on June 14.

“We will be launching our maiden project towards the end of this year and we are looking for landbank and strategic acquisitions or partnerships,” she said, adding that the company would be concluding some deals by end-2017.

JAG’s maiden project is a mixed development on a 3.33-acre site in Kampung Jawa, Klang with a total gross development value of RM155 million to RM170 million.