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.

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.