Soak wooden skewers in water 30 minutes.
Preheat grill to 350° to 400° (medium-high). Whisk together peanut oil and next 5 ingredients in a large bowl until blended. Add steak pieces, and toss to coat. Thread beef onto skewers.
Grill beef, covered with grill lid, over 350° to 400° (medium-high) heat, 3 minutes on each side or to desired degree of doneness.
Place skewers on a serving platter, and drizzle with Jade Sauce. Sprinkle with toasted flaked coconut.
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