NexG values Datasonic at RM7.5 bil, now that government looking to acquire
KUALA LUMPUR: NexG Bhd said that the indicative value of Datasonic Technologies Sdn Bhd is RM7.5 billion, and that any offer must consider its valuable intellectual property and committed investments of RM1.9 billion for the current national identity programme.
KUALA LUMPUR: NexG Bhd announced that the estimated value of Datasonic Technologies Sdn Bhd is RM7.5 billion. The international valuation takes into account the company's valuable intellectual property and RM1.9 billion committed investments for the national identity programme. The government had requested an indicative price for a potential acquisition of DTSB, which makes up the core operating business and primary revenue and earnings contributor for NexG.
Losing DTSB would mean losing a "Crown Jewel" that is crucial for the group's future expansion, both regionally and internationally. The board will consider the government's request but will not support any transaction that fails to meet certain requirements, such as treating all shareholders equally and preserving the security and continuity of the national identity capability operated by DTSB.
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