has proposed to diversify its business into mining, sale and trading of iron ore, dolomite, sand and other minerals.
In a filing with Bursa Malaysia, Jade Marvel said the proposed diversification was in line with the group’s objective to expand its revenue stream by diversifying into the new business to enhance shareholders’ value in the long term. Additionally, the group said it will continue to seek new viable mining contracts and leases and explore joint venture or cooperation opportunities with business partners to undertake mining and mining-related activities and explore the sale and trading of other minerals.
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