News about Section 13

PETALING JAYA (Aug 30): OSK Property Holdings Bhd’s Emira Residences & Urban Retail project in Shah Alam has achieved a QLASSIC score of 80.

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.

KUALA LUMPUR: JAKS Resources Bhd has decided that it will take a step back from the property market to focus more on infrastructure and power-generation projects, especially from renewable resources.

KUALA LUMPUR (March 15): JAKS Resources Bhd fell 5.

KUALA LUMPUR (March 15): JAKS Resources Bhd, in a dispute with Star Media Group Bhd over the completion and delivery of a property project in Section 13, Petaling Jaya, could end up paying RM50 million in a worst-case scenario, Affin Hwang Investment Bank Bhd said, which would have a negative impact of RM25.

KUALA LUMPUR (March 2): JAKS Resources Bhd said it has received a notice of demand from Star Media Group Bhd, requiring it to complete and deliver Tower A of the Pacific Star project by end-June 2018.

KUALA LUMPUR (March 1): The property development segment, which dragged OSK Holdings Bhd’s fourth quarter net profit ended Dec 31, 2017 (4QFY17) by 20% to RM63.