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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') - SETTLEMENT AGREEMENT FOR THE AMOUNT OWING BY TITANIUM HALLMARK SDN. BHD. ('THSB') TO MILLION RICH DEVELOPMENT SDN. BHD. ('MRDSB'), A WHOLLY-OWNED SUBSIDIARY OF DWL

DWL RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') - SETTLEMENT AGREEMENT FOR THE AMOUNT OWING BY TITANIUM HALLMARK SDN. BHD. ('THSB') TO MILLION RICH DEVELOPMENT SDN. BHD. ('MRDSB'), A WHOLLY-OWNED SUBSIDIARY OF DWL
We refer to our announcements made on 27 July 2017, 15 December 2017, 14 September 2018, 14 December 2018, 14 March 2019, 12 June 2019, 29 July 2019 and 10 January 2020 ('Announcements'), unless otherwise defined, the definitions set out in the Announcements shall apply herein.


The Board wishes to announce that the Agreement has been completed on 13 January 2020 in accordance to the terms and conditions as stated in the Agreement and the liability of the Shareholders in respect of the Balance Deposit owing to MRDSB has been discharged.


This announcement is dated 13 January 2020.





Announcement Info

Company Name DWL RESOURCES BERHAD
Stock Name DWL
Date Announced 13 Jan 2020
Category General Announcement for PLC
Reference Number GA1-13012020-00015