DPS to undertake RM150mil mixed development project in Melaka

In a filing with Bursa Malaysia, the property developer and furniture maker said Shantawood yesterday signed a joint-venture agreement with Rembia Properties Development Sdn Bhd (RPD), which owns the 10.48-hectare freehold land where the project would be sited.

KUALA LUMPUR: DPS Resources Bhd, through wholly-owned subsidiary Shantawood Sdn Bhd, will undertake a mixed development project with a gross development value of RM150mil in Alor Gajah, Melaka.

In a filing with Bursa Malaysia, the property developer and furniture maker said Shantawood yesterday signed a joint-venture agreement with Rembia Properties Development Sdn Bhd (RPD), which owns the 10.48-hectare freehold land where the project would be sited.