NexG to resume expansion after government rules out Datasonic takeover
KUALA LUMPUR: NexG Bhd will proceed with its domestic and international expansion plans after the government decided against taking over its unit Datasonic Technologies Sdn Bhd (DTSB).
NexG Bhd will continue its domestic and international expansion plans after the Malaysian government decided against taking over its Datasonic Technologies unit. The National Security Council's decision reaffirmed its confidence in DTSB's ability to supply high-security identity cards while maintaining security and reliability. NexG and DTSB expressed their commitment to upholding the highest standards of security, integrity, and reliability, as the company has done for the past 27 years.
The government assured that it would continue to safeguard the identity of Malaysians through legislative, financial, governance, and security frameworks. NexG had previously valued DTSB at RM7.5 billion based on the government's request for an indicative price for a possible acquisition. The company holds two significant contracts with government agencies for raw identity card production, ensuring the continuation of its mission-critical identity solutions.
With these contracts secured, NexG is now free to proceed with its strategic expansion plans in both domestic and international sectors.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
