http://disclosure.bursamalaysia.com/FileAc..._GA_ATTACHMENTS

The Proposed Internal Reorganisation is to enable JRB Group:
i) to complete the development of the Pacific Star Business Hub and other components in
Pacific Star. The Proposed Internal Reorganisation will result in a corporate structure
that allows the group to obtain financing from the bank to finish the project.
ii) to streamline the structure of its property development and property investment
businesses. Following from this exercise, the Pacific Star Business Hub will be
transferred out of JIC, a property development company and FPSB will be a property
investment and management company with ownership of and interest in the Pacific Star
Business Hub.
Arising from the Proposed Internal Reorganisation, there is no change in JRB Group’s overall
interest and control in Pacific Star (including the Business Hub).

This post has been edited by urb7: Dec 18 2017, 09:31 PM

Finger pointing begins

https://www.theedgemarkets.com/article/jaks...r-project-delay

This post has been edited by urb7: Feb 22 2018, 09:07 AM

They have to complete the Star tower by June this year

The Star will then sapu the RM 50m bank guarantee from them

The Star office block seems to be progressing, I see some of the nettings are taken off.