PETALING JAYA, 15 March 2022 – JAKS Resources Berhad (“JAKS” or the “Group”), a construction and power holdings company specialising in water and other infrastructure projects and energy development, is pleased to announce that its wholly-owned subsidiary, JAKS Solar Nibong Tebal Sdn Bhd has achieved financial close for its Large-Scale Solar 4 (“LSS4”) project located in Seberang Perai, Pulau Pinang.
The financing of the LSS4 project was granted by AmBank Islamic Berhad and United Overseas Bank (Malaysia) Berhad.
JAKS was one of the 10 winning bids that was selected for Package 2 of the LSS4 project, to develop the new large scale solar photovoltaic plants with a solar power capacity of 50-megawatt back in March 2021. Subsequently, a power purchase agreement was signed with Tenaga Nasional Berhad in August for a period of 21 years from the commercial operations date. Commencement of the commercial operations is scheduled for 2023.
“We are extremely delighted to achieve this financial close milestone of the LSS4 project. As the LSS4 represents our maiden project within the renewable energy segment, we have and will continue to place additional emphasis on ensuring its successful and efficient delivery. The development of the project is progressing within the stipulated timeframe and we are now working towards meeting the next milestone promptly. This will be the stepping-stone for the Group to grow its business and invest in the energy sector. With the proven results of our strategy to shift our reliance away from being a pure construction player to having stable recurring earnings from power and energy assets, the Group will continue its progress on conducting feasibility studies to explore the development of other renewable energy assets and/or projects to provide substantial long-term growth for our stakeholders,” commented JAKS chief executive officer Andy Ang Lam Poah.

too good to be good. the price quite attractive now.

usually will drop after dividend... be patient and wait for good new coming.

this operator just hopeless. they also not sure how strong of the omicron.

today MSCI portfolio adjustment lah.

yes, Harta very positive and strong reversal signal. hope for the best all.

today MSCI fund portfolio adjustment, and they choose to buy in Harta and throw Genm and Genting at closing. so you know what is the meaning right?

wow seem like going to break yesterday high soon.

today shortist happy sial. short gao diaa

hopeless counter. release qr and sell on news.

hmmm seem like all trap.... Sharon out to promote hard.

good opportunity to buy on dips

becareful of huge dumps happen soon.

this may bulk crash and operator cunning hahaha.

haha lucky sold all at 1.15. seem like trap again.

haiz.....loss steam. no much LU energy.

Aseng.... bullshit as usual..

this Aseng.....how much you received to promote so hard? or you stuck at very high price is it? hahaha

lol....46c all are sin ka Lin here.

seem like heading RM2....

are you sure or not? if sure I hoot now. lol.

JakASS again.

lol throw down 465 4th time le.

465 see can tahan or not...throw down twice....today.

haiz... this jaksASS......really disappointed.

sure or not? haha. I believed 70% stuck here.

haiz.... factory closed for two week due to covid.

wow thanks Najib for highlighting RSS issue. I love PM, malulah apa bossku.

RIP RSS. soon or later ban by bursa.

yeah Najib know that RSS is the nonsense in bursa. hopefully by end of sep RSS kena ban.

this paktua ggwp.... this kind of kaki also dare to comment so much.

sad for TG, and sad for those who chasing high before. this is definitely value trap.

hope everyone of you dun get hurt and stay safe and healthy.

wow RSS volume quite thick.

once BDI rebound, Maybulk will rocket fly.

wow strong eating 74c and now waiting to stable again before next move up.

maybulk operator cunning hopefully they change strategy or else no one interested on maybulk le.

tomorrow got show. hopefully won't disappointed us.

66c lor. Sharon happy collecting hahahaha. this Sharon must be stuck at high or else is spy from operator lah.

why this Sharon go promote everywhere....why so concern we are sell or buy....

hmmm Sharon again... haha.... everywhere see this Sharon. this may bulk sound like a trap.

but the data showing yesterday 200k plus... anyway, even 100k plus also quite many.

US daily cases surging yesterday... 200k++ confirm cases. quite serious.

foresee gloves trend should coming soon. at least for current situation, and political issue some more.....only Tech and gloves are better invest now.

Better run..... once the old folks call buy .... its time to run away from his call.

sapura energy can be sideways or downtrend for few years. only those super long investor can make money.

avoid oil and gas sector. covid no yet finish. usually oils price affected during covid 19.

after ESOS exercise hopefully can go up as the virus variant seem like getting serious now.

I think price is manipulated for sure. such serious covid 19 situation now, and price keep on stagnant. hopefully those weak holder or shortterm trader already out from gloves. or else no energy to push up.

hmmm..... carepls no much energy today. let wait and see how it go.

wow today not bad yah.