KUALA LUMPUR (Jan 16): JAKS Resources Bhd has released the payment on a bank guarantee of RM50 million to Star Media Group Bhd, marking the end of a dispute between the two parties that has been ongoing for almost a year.
KUALA LUMPUR (July 27): The Court of Appeal today dismissed the application by JAKS Resources Bhd for an Erinford Injunction to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
KUALA LUMPUR (March 16): JAKS Resources Bhd (pictured) saw its shares fall as much as 8.
KUALA LUMPUR (March 8): Star Media Group Bhd has dismissed a letter from JAKS Resources Bhd as being a notice of arbitration.
KUALA LUMPUR (March 8): JAKS Resources Bhd (pictured) has agreed to complete Tower A of the Pacific Star project in Petaling Jaya by June 30 as demanded by Star Media Group Bhd.
KUALA LUMPUR (March 7): Shares of builder and pipe manufacturer JAKS Resources Bhd fell as much as seven sen or 4% to RM1.
KUALA LUMPUR (March 7): JAKS Resources Bhd said its 51%-owned unit JAKS Island Circle Sdn Bhd (JIC) is seeking arbitration to resolve its dispute with Star Media Group Bhd over the completion and delivery of Tower A of the Pacific Star project.
KUALA LUMPUR (Feb 22): Shares in JAKS Resources Bhd continued to fall for a second straight day yesterday as the company proceeded to file an injunction with the High Court here to restrain Star Media Group Bhd from receiving the proceeds of a RM50 million bank guarantee.
KUALA LUMPUR (Feb 21): A more than two-year delay in completing the Pacific Star Business Hub by JAKS Resources Bhd (pictured) has been cited as the reason for Star Media Group Bhd to call on a RM50 million bank guarantee for the project.
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