- Business
- JAKS Resources Berhad is a Malaysia-based investment holding company primarily engaged as a general contractor in infrastructure construction, power generation, renewable energy projects, and property investment. The company operates through segments including construction encompassing water reticulation, reservoirs, sewerage treatment plants, pipe laying, road works, and building materials supply; manufacturing of mild steel pipes, ductile iron pipes, and steel-related products via subsidiaries such as Pipe Technology System Sdn Bhd and Wing Tiek Ductile Iron Pipe Sdn Bhd; power energy featuring a 30% stake in the 1,200MW Hai Duong build-operate-transfer coal-fired thermal power plant in Vietnam through JAKS Hai Duong Power Company Limited and a 50MW solar photovoltaic plant under the Large Scale Solar 4 programme in Nibong Tebal, Penang; and property investment managing Evolve Concept Mall and Pacific Towers Business Hub in the Klang Valley. Founded in 1987 with roots tracing to the 1960s and headquartered at Unit B-09-28, Tower B, Pacific Towers, Jalan 13/6, Section 13, Petaling Jaya, Selangor, JAKS conducts operations principally in Malaysia and Vietnam. Recent developments include participation in the Corporate Green Power Programme for a 30MW solar joint venture, a Memorandum of Understanding with CALB Group Co., Ltd. for battery energy storage systems targeting Southeast Asia, collaboration with China Power Engineering Consulting Group for bids under the Large Scale Solar 5 programme with a site identified in Terengganu, declaration of a first interim dividend of 0.5 sen per share in January 2025, and issuance of 236.985 million new shares via private placement raising RM29.8 million in 2024.