We refer to our announcement made on 1 July 2019 (“Announcement”), unless otherwise defined, the definitions set out in the Announcement shall apply herein.

The Board of Directors of DWL wishes to inform that Instant Initiative Sdn. Bhd. (“IISB”), a wholly-owned subsidiary of the Company, has on 9 July 2020 entered into a Settlement Letter with Sunthara Orthopaedic Physio Centre Sdn. Bhd. ("Sunthara").

Pursuant to the aforementioned Settlement Letter, Sunthara had refunded the Earnest Deposit sum of RM206,000.00 to IISB and IISB shall withdraw the High Court Originating Summons with no order as to cost and withdraw the private caveat lodged on the title. Thereafter, both parties shall have no further claims against each other. 

The announcement is dated 9 July 2020.