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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS DPS RESOURCES BERHAD ("DPS" OR THE "COMPANY") PROPOSED JOINT DEVELOPMENT BETWEEN SHANTAWOOD SDN BHD ("SSB"), A WHOLLY OWNED SUBSIDIARY OF DPS RESOURCES BERHAD AND BIOTREND ASIA (M) SDN BHD ("BIOTREND") TO JOINTLY DEVELOP A FEW PARCELS OF LAND FOR DEVELOPMENT IN THE STATE OF MELAKA MEASURING APPROXIMATELY 52.186 ACRES IN AGGREGATE ("MELAKA LAND") ("PROPOSED JOINT DEVELOPMENT")

DPS RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
DPS RESOURCES BERHAD ("DPS" OR THE "COMPANY")

PROPOSED JOINT DEVELOPMENT BETWEEN SHANTAWOOD SDN BHD ("SSB"), A WHOLLY OWNED SUBSIDIARY OF DPS RESOURCES BERHAD AND BIOTREND ASIA (M) SDN BHD ("BIOTREND") TO JOINTLY DEVELOP A FEW PARCELS OF LAND FOR DEVELOPMENT IN THE STATE OF MELAKA MEASURING APPROXIMATELY 52.186 ACRES IN AGGREGATE ("MELAKA LAND") ("PROPOSED JOINT DEVELOPMENT")

Reference is made to the Company’s announcements dated 8 April 2022 and 18 April 2022 in relation to the Proposed Joint Development between SSB and Biotrend (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

The Board of Directors of DPS wishes to announce that a Deed of Rescission has been executed by SSB and Biotrend on 21 December 2022 to rescind and revoke the Joint Development Agreement.

 

Please refer to the attached document for further details.

 

This announcement is dated 21 December 2022.     

 

 




Please refer attachment below.

Attachments

DPS - Rescission of JDA.pdf
121.7 kB



Announcement Info

Company Name DPS RESOURCES BERHAD
Stock Name DPS
Date Announced 21 Dec 2022
Category General Announcement for PLC
Reference Number GA1-21122022-00041




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