SHAH ALAM: JAG Bhd
will remain focused on growing its core business of total waste management (TWM) processing, despite recent moves to diversify its income base into the property and the consumer industry.
The group had at the end of last year made a purchase of a RM35.3mil 12½ storey freehold commercial building in Kuala Lumpur that it intends to convert into a lifestyle and wellness centre.
“Our property development and investment arm currently hold three pieces of landbank and one commercial (12½ storey) building.
“In 2023, our focus will be primarily on expanding our property investment business, with a view to create a new stream of recurring income which will positively contribute to the group,” chairperson Datin Stacey Tan told StarBiz.
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