Exquisite Quality Limited (EQL) enter into an agreement to acquire 15.3% stake in Yong Yu Hydro Electric Development Co., Ltd from DKLS Industries Bhd (KLSE:DKLS) (DKLS) for MYR 38.3 million on October 31, 2016. Consideration will be payable in cash. In a related transaction DKLS Industries Bhd (KLSE:DKLS) entered into a share sale agreement to acquire 49% stake in DKLS Clearwater Sdn Bhd from Exquisite Quality Limited for MYR 0.5 million on October 31, 2016. The sale consideration of MYR 38.33 million shall be paid with a deposit of $0.091 million (MYR 0.38 million) on the execution and balance shall be paid on completion. The transaction is subject to approval by the Board of Directors of the respective parties. Exquisite Quality Limited (EQL) cancelled the acquisition of 15.3% stake in Yong Yu Hydro Electric Development Co., Ltd from DKLS Industries Bhd (KLSE:DKLS) (DKLS) on October 31, 2017.