KUALA LUMPUR: JAG Bhd's unit JAG Renewable Energy Sdn Bhd has entered into a sale and purchase agreement with Kobe Steel Ltd to acquire a freehold land in Hicom Industrial Estate, Shah Alam, for RM36.89 million.
In a statement, the group said the acquisition was part of its proposed expansion of its total waste management business, which requires a total capital investment of about RM60 million, including land and equipment.
JAG said the expansion would involve establishing new production lines and increasing storage capacity to strengthen its processing capabilities and operational flexibility.
The total capital requirement of RM60 million includes the cost of the land and equipment.
