Dataprep signs IP rights agreement
Under the agreements signed on June 26, Zenith City Management Services (Sichuan) Co Ltd committed to fulfilling the entire payment obligation to QXDT in exchange for the exclusive rights to use the IP assets.
Dataprep is involved in the development and maintenance of underground telecommunication infrastructure in Bandung, Indonesia, as well as the construction of a telecommunication microcell pole for a 30-year concession period.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
35 minutes ago
- New Straits Times
Wang-Zheng estimates initial RM20mil loss from fire at Rawang factory, warehouse
KUALA LUMPUR: Wang-Zheng Bhd has estimated a provisional loss of around RM20 million following a fire at the factory and warehouse of its wholly owned Carefeel Cotton Industries (M) Sdn Bhd (CCI). In a response to a query from Bursa Malaysia, the company, which is involved in the manufacturing, processing and distribution of fibre-based products, said the actual losses at CCI have yet to be determined. "The company is unable to determine the actual losses to be incurred by CCI and from the occurrence, as discussions with our insurance providers to quantify the financial impact are still ongoing. "Preliminary assessments suggest that any financial effects, including business disruption, will be mitigated through our existing insurance coverage. "Based on information available at this time, the estimated provisional loss for this incident is approximately RM20 million, arising from the loss of plant, machinery and inventories, prior to insurance claim from the fire incident," it added. Wang Zheng announced earlier this week that the incident occurred at CCI's factory in Rawang, Selangor, in the morning on June 30 (Monday). It said the management had lodged a report with the police and the insurance company on the incident. "As the Fire and Rescure Department operations are ongoing and investigations into the cause of the fire are under way, the operations at the factory and warehouse have been halted and closed. "Our staff in CCI have been re-located to other factories of our subsidiary companies," it said. Wang-Zheng said a further announcement will be made on the actual losses incurred by the company upon completion of the investigation and assessment by the company's internal team, insurance provider and relevant authorities.
Malaysian Reserve
an hour ago
- Malaysian Reserve
Econpile secures RM58m construction and supply contracts for Oasis Ara project
ECONPILE Holdings Bhd has clinched two contracts worth a combined RM57.95 million for construction and material supply works related to the Oasis Ara development in Ara Damansara, Selangor. In a filing with Bursa Malaysia, the company said its wholly owned subsidiary, Econpile (M) Sdn Bhd, received letters of award on July 2 from LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd. The first contract, valued at RM27.99 million, was awarded by LFE Engineering for construction services involving alteration, underpinning, and strengthening works. The second, worth RM29.96 million, was awarded by LFE Innovative for the supply and delivery of materials for the same project. The contracts are scheduled to run for 21 months from June 30, 2025. Econpile said the awards are expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2026 onwards. — TMR
New Straits Times
2 hours ago
- New Straits Times
Econpile's unit secures contracts worth RM57.95mil for Ara Damansara project
KUALA LUMPUR: Econpile Holdings Bhd's wholly-owned subsidiary, Econpile (M) Sdn Bhd, has secured two contracts worth a combined RM57.95 million for a proposed development in Ara Damansara, Selangor. In a filing with Bursa Malaysia, the company said the construction services contract worth RM27.99 million was awarded by LFE Engineering Sdn Bhd, while a separate contract for the supply and delivery of materials worth RM29.96 million was awarded by LFE Innovative Sdn Bhd. The project involves design and build works for alteration, underpinning, and strengthening for the Oasis Ara development in Jalan PJU 1A/46, Ara Damansara. "The contract period is 21 months from June 30, 2025," Econpile said. The company said the contracts are expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2026, onwards. "There are no foreseeable significant risks other than operational risk associated with the project during the contract period," it said, adding that management would implement control measures and procedures to manage such risks.
