DPS buys land in Melaka for RM45.6mil

PETALING JAYA: DPS Resources Bhd is acquiring seven parcels of freehold land measuring approximately 253.306 acres in Alor Gajah, Melaka for RM45.6mil.

In a filing with Bursa Malaysia yesterday, DPS Resources said its wholly-owned subsidiary, Summer Starhill Sdn Bhd, had acquired the parcels of land from Pakatan Simbol Sdn Bhd.

“Our group is principally engaged in the manufacture of furniture and roof truss, provision of kiln-drying services and trading in furniture and carrying on business on real property and housing development-related services.

“The proposed acquisition forms part of our group’s strategy to accumulate strategic agricultural lands to accommodate our future development plans and/ or investment purposes in Melaka,” it said.