{
  "id": 2287474,
  "title": "NexG, NexG Bina shares surge on government buyout prospect",
  "url": "https://urgent.news/2026/08/21/nexg-nexg-bina-shares-surge-on-government-buyout-prospect",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T03:18:01.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1515795/nexg-nexg-bina-shares-surge-government-buyout-prospect"
  },
  "original_language": "en",
  "account": "NexG Bhd and its associate NexG Bina Bhd experienced a surge in their shares following the government's inquiry into a potential acquisition of NexG's wholly-owned subsidiary, Datasonic Technologies Sdn Bhd. After trading resumed at Bursa Malaysia, the stock opened 1.5 sen higher at 34.5 sen, marking the company's busiest trading in over eight months. NexG Bina, previously known as Classita Holdings Bhd, saw a rise of 16.67% to 3.5 sen, valuing the company at approximately RM43 million.",
  "summary": "KUALA LUMPUR: Shares of NexG Bhd and its associate NexG Bina Bhd surged in active trade after NexG confirmed that the government had sought an indicative price for a possible acquisition of its wholly owned subsidiary Datasonic Technologies Sdn Bhd (DTSB).",
  "key_points": [
    "NexG and NexG Bina shares surge 1.5 sen to 34.5 sen",
    "Government inquiry into potential acquisition of Datasonic Technologies",
    "NexG Bina value rises 16.67% to RM43 million"
  ],
  "editors_take": "The potential government buyout has sparked a significant increase in investor confidence, driving up shares of NexG and NexG Bina, with NexG Bina's valuation now at approximately RM43 million.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}