The Board of Directors of JAG wishes to announce that the Company had on 8 July 2020 incorporated a new wholly-owned subsidiary, JAG Renewable Energy Sdn. Bhd. [Registration No. 202001017576 (1373896-U)] (“JAG Renewable Energy”) (“the Incorporation”).
JAG Renewable Energy is a private limited company with a total issued share capital of RM1,000,000/- comprising 1,000,000 ordinary shares. JAG Renewable Energy has not commenced business since its incorporation.
The intended activity of JAG Renewable Energy is to involve in production and manufacturing of renewable energy business.
The Board of Directors of JAG is of the opinion that the Incorporation is in the best interest of JAG.
The announcement is dated 9 July 2020.