JAKS gets interim injunction on RM50m payout to Star Media
KUALA LUMPUR (July 31): JAKS Resources Bhd was granted an interim injunction by the Federal Court yesterday to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
KUALA LUMPUR (July 31): JAKS Resources Bhd was granted an interim injunction by the Federal Court yesterday to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
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 (July 27): Shares of JAKS Resources Bhd fell as much as 8% this morning to RM1.
KUALA LUMPUR (July 25): Star Media Group Bhd today confirmed that it has been served with a fresh Erinford injunction by JAKS Resources Bhd.
KUALA LUMPUR (July 25): JAKS Resources Bhd filed a fresh injunction in the Court of Appeal today to restrain two banks from releasing a RM50 million guarantee to Star Media Group Bhd.
KUALA LUMPUR(July 23): The Kuala Lumpur High Court has dismissed an Erinford Injunction application filed by a subsidiary of JAKS Resources Bhd, JAKS Island Circle Sdn Bhd (JIC).
KUALA LUMPUR (July 18): JAKS Resources Bhd obtained an ad interim order at the High Court yesterday to restrain two financial institutions from releasing the group’s RM50 million bank guarantee to Star Media Group Bhd.
KUALA LUMPUR (July 12): The High Court has ordered the two issuing financial institutions to release a RM50 million bank guarantee called on by Star Media Group Bhd in February, in relation to an agreement for the purchase of a piece of land in Section 13, Petaling Jaya for RM135 million.
ARA DAMANSARA (June 26): Jaks Resources Bhd said the proposed sale of its 51% stake in Evolve Concept Mall at Ara Damansara, Selangor will require more time, as potential buyers continue to evaluate the deal.
JAKS Resources Bhd (June 7, RM1.