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Star disputes arbitration notice from JAKS subsidiary


PETALING JAYA: Star Media Group Bhd has received a purported notice of arbitration from a subsidiary of JAKS Resources Bhd to resolve the dispute between the two parties in relation to a property development project in Section 13, Petaling Jaya.

In a filing with Bursa Malaysia, Star Media Group said the group had responded to the solicitors of JAKS’ subsidiary, JAKS Island Circle Sdn Bhd (JIC), that it disagreed with the disputes or differences that have arisen between the company and JIC in connection with the sale and purchase agreement (SPA).

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