Property Division

Overview

JAKS has ventured into property development as a new avenue of growth for the group. The Group initiated this new venture by acquisition of a 51% stake in MNH Global Assets Management Sdn Bhd ("MNH") and undertake a property development project in Section 13, Petaling Jaya named Pacific Star via its 51%-owned JAKS Island Circle Sdn Bhd. MNH is the registered owner and developer of a mixed commercial development with a mall, serviced apartments, signature offices and commercial shop-lots, known as Pacific Place at Ara Damansara, Petaling Jaya, Selangor.