Tenaga Era Baru Resources Sdn. Bhd signed a memorandum of understanding to acquire Jadem Ganjaran Sdn. Bhd from Jade Marvel Group Berhad (KLSE:JADEM) on MYR 360 on August 12, 2021. As of August 12 2021, Jade Marvel Group Berhad Signed a Memorandum of understanding to establish a strategic alliance and collaboration for purposes of securing land reclamation projects and other development and/or construction projects to be achieved.

Tenaga Era Baru Resources Sdn. Bhd Completed the acquisition of Jadem Ganjaran Sdn. Bhd from Jade Marvel Group Berhad (KLSE:JADEM) on MYR 360 on August 4, 2022.