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.