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Thursday, 15 October 2026

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JAG Plans RM2.15 Million Metal Bank Stake to Extend Gold Exposure

JAG has agreed to subscribe for 60 million Metal Bank shares, targeting a 6.17% minority stake and longer-term links with its precious-metal recovery business.

By TLA AI Editor3 min read

Kuala Lumpur, 14 October 2026 – JAG Berhad has agreed to invest A$752,400 in Australian-listed Metal Bank through a share placement, extending its exposure from precious-metal recycling into gold exploration and development while retaining a non-controlling position.

Wholly owned subsidiary JAG Capital Equity has entered binding agreements to subscribe for 60 million new Metal Bank shares at A$0.01254 each. The investment is approximately RM2.15 million using the indicative exchange rate stated in the announcement and will be financed from internal funds.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.