2023 – Newsmakers: Intriguing Shareholder Moves


The Jakel Group, led by Faroz and his brother Nizam, surprised the market this year when they emerged as substantial shareholders of Cypark Resources Bhd. The brothers, who are involved in textile trading and property development through the Jakel Group, are no strangers to the capital market. After all, they have emerged as shareholders in […]

Cypark Resources Berhad issues RM100mil Sukuk to Jakel Capital


KUALA LUMPUR: Cypark Resouces Bhd has raised RM100 million from the second tranche of its remaining RM265 million perpetual sukuk. The RM100 million was raised through wholly-owned subsidiary Cypark Renewable Energy Sdn Bhd (CRE). The balance of RM165 million will be issued later. These issuances are part of Cypark’s perpetual sukuk musharakah programme of up […]

Jakel Capital lauds Cypark’s board changes


KUALA LUMPUR: Cypark Resources Bhd has announced changes to its board of directors in a Bursa Malaysia filing today. Cypark said Datuk Abdul Malek Abdul Aziz and Datuk Dr Freezailah Che Yeom had resigned from its board of directors. This is in line with Practice 5.3 of the Malaysian Code on Corporate Governance after both […]

Jakel Capital welcomes Datuk Ami Moris’s appointment as director at Cypark Resources

ami moris

KUALA LUMPUR: Jakel Capital Sdn Bhd has welcomed the decision of its associate company, Cypark Resources Bhd, for the appointment of Datuk Ami Moris as its independent non-executive director effective on 30 March 2023. Jakel Capital chief executive officer Muhammad Ashraf said the appointment of Ami, whom he referred to as a professional of high […]

Jakel Capital CEO appointed as Cypark director

KUALA LUMPUR (Feb 14): Cypark Resources Bhd has appointed Muhammad Ashraf Muhammad Amir as its non-independent and non-executive director, effective Tuesday (Feb 14). Muhammad Ashraf, 36, is the group chief investment officer of Jakel group of companies, and the chief executive officer of its investment arm, Jakel Capital Sdn Bhd. “He had served in various […]

Gandingan Jakel Introduce Compact Living SOHO Suites

KUALA LUMPUR, 13 February – J.Satine SOHO, Apartment and Retail is a mixed development by Gandingan Jakel catering for the general market in line with the government initiatives in addressing the needs for housing affordability. J.Satine Residensi Wilayah was officially launched in July 2022, an affordable home scheme under the federal housing purview. The sales were […]

Jakel to sell plantation assets to Harn Len

KUALA LUMPUR (Jan 12): Jakel group seems to be in the thick of action these days. Shortly after it took up a substantial stake in Cypark Resources Bhd, the textile giant is likely to emerge as a shareholder in Johor-based oil palm planter and property developer Harn Len Corp Bhd. According to a source, Jakel will be […]

Jakel is now our single largest shareholder, says Cypark, confirming The Edge report

KUALA LUMPUR (Jan 4): Cypark Resources Bhd said Jakel Group has emerged as the renewable energy company’s single largest shareholder with a 27.33% stake. This came after Cypark completed the placement of 176.65 million new shares under its private placement exercise, with all the shares taken up by Jakel’s investment arm Jakel Capital Sdn Bhd […]