4 days ago
Dataprep signs IP rights agreement totalling RM15.5mil
PETALING JAYA: Dataprep Holdings Bhd 's subsidiaries Solsis (M) Sdn Bhd and Dataprep (M) Sdn Bhd have signed separate intellectual property (IP) rights purchase and transfer agreements with Qingdao Xingyun Digital Technology Co. Ltd (QXDT) for RM12mil and RM3.5mil, respectively.
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.
To put it into perspective, 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.
'The agreements (signed on June 26) will enable the company, through Zenith, to increase the potential revenue from the digital infrastructure by offering additional products and services to maximise its utilisation, which can be provided to an estimated population of 2.76 million within the Bandung metro area and for other projects undertaken by Zenith,' stated Dataprep in a bourse filing.
