DPS Resources Bhd’s wholly-owned subsidiary, Shantawood Sdn Bhd, has signed a memorandum of understanding (MoU) with Hangyue Intelligent Electrical Co. Ltd to build a long-term strategic partnership in digital energy infrastructure, data centres, industrial development, and related projects in Malaysia.
Hangyue specialises in digital energy infrastructure, covering power supply, distribution, system integration, and data centre colocation.
Under the MoU, DPS Resources said Hangyue plans to use its resources, network, and expertise to connect Chinese enterprises with investment opportunities in Malaysia, support project promotion and business matchmaking, offer customised digital energy solutions, and facilitate the colocation of Chinese enterprises at Shantawood’s data centre facility.
“The proposed colocation arrangement is expected to run for a minimum tenancy term of 15 years, with an indicative rental rate of approximately US$130 to US$230 per kilowatt (kW) per month, depending on tenant requirements and subject to definitive agreements,” DPS Resources said in a statement today.
Shantawood, for its part, will provide accurate legal and operational documentation, manage park investment, coordinate infrastructure and local government matters, and assist with site selection and project implementation.
The wood-based manufacturing and rubberwood furniture company said it received a state support letter from the Melaka chief minister on July 30, 2026, and has submitted its application, along with the relevant documents and support letter, to the Data Centre Task Force as part of the approval process.
It added that the collaboration also opens a broader platform for both parties to explore cooperation in key industrial areas, including electronics and semiconductors, digital energy and data centres, intelligent equipment and advanced manufacturing, as well as regional supply chain and corporate services.
DPS Resources group chairman and founder Tan Sri Sow Chin Chuan said the partnership with Hangyue is aimed at creating a platform that connects Chinese enterprises with investment and colocation opportunities in Malaysia, while boosting the value and utilisation of the company’s assets in Bukit Rambai.
“The confirmation of power capacity, validation of water supply and support from the Melaka state government provide an encouraging foundation for us to progress discussions with potential partners and tenants.
“While the MoU remains non-binding at this stage, it allows both parties to explore commercial structures, technical requirements and potential long-term colocation arrangements in a disciplined manner,” he said.
DPS Resources expects the collaboration to strengthen its data centre development pipeline and support its ambition to play a role in Malaysia’s growing digital infrastructure ecosystem.
