NexG secures government job extension
In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB), accepted the letter of extension dated July 2, 2025 for a period of six months from Dec 1, 2025 until May 31, 2026.
The first contract was received in December 2015 with an initial value of RM318.75mil over five years, from 2016 to 2021, for a total of 12.5 million chips.
The group said there was no change to the contract's ceiling value, quantity or item value.
Risks include the state of the overall economy, pandemic crisis, changes in government regulations and operational risks.
'The contract is expected to contribute positively towards the future earnings and net assets per share of DTSB for the financial year ending March 31, 2026 and the financial year thereafter for the duration of the contract.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
6 days ago
- The Star
NexG sets up MyNasional Holdings as AI, data intelligence arm
NexG deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman KUALA LUMPUR: NexG Bhd's new subsidiary, MyNasional Holdings Sdn Bhd, will serve as the group's dedicated artificial intelligence (AI) and data intelligence arm, in line with the Digital Economy Blueprint and the national MyDigital ID roadmap. The group said MyNasional is envisioned to play a critical role in supporting the government's digitalisation agenda by delivering trusted, intelligent, and interoperable digital solutions to both public institutions and private sector ecosystems. "The entity will oversee three key focus areas - digital identity and eKYC (electronic-Know Your Customer) verification, business data and corporate intelligence, as well as AI and smart analytics solutions,' it said in a statement today. Through the establishment of a dedicated unit, MyNasional AI, the group aims to lead the development of transformative, next-generation AI solutions. "These offerings will include behavioural analytics, intelligent screening, public safety prediction, and smart city infrastructure such as automated surveillance, digital traffic control, and data-driven resource optimisation. "As Malaysia progresses toward becoming a digitally connected and AI-enabled nation, MyNasional AI is strategically positioned to support cross-agency digital transformation, while offering scalable models for smart city deployment, public service automation, and even exportable AI solutions for regional use,' it said. NexG deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman said that through MyNasional Holdings, the group is setting the stage for Malaysia's next-generation digital trust infrastructure. "From eKYC to business intelligence to AI innovation, our platforms will deliver real economic impact by accelerating public service transformation, strengthening national digital resilience, and enabling inclusive digital growth for all Malaysians,' he added. - Bernama
New Straits Times
6 days ago
- New Straits Times
Nexg sets up MyNasional Holdings AS AI, data intelligence arm
KUALA LUMPUR: NexG Bhd's new subsidiary, MyNasional Holdings Sdn Bhd, will serve as the group's dedicated artificial intelligence (AI) and data intelligence arm, in line with the Digital Economy Blueprint and the national MyDigital ID roadmap. The group said MyNasional is envisioned to play a critical role in supporting the government's digitalisation agenda by delivering trusted, intelligent, and interoperable digital solutions to both public institutions and private sector ecosystems. "The entity will oversee three key focus areas - digital identity and eKYC (electronic-Know Your Customer) verification, business data and corporate intelligence, as well as AI and smart analytics solutions," it said in a statement today. Through the establishment of a dedicated unit, MyNasional AI, the group aims to lead the development of transformative, next-generation AI solutions. "These offerings will include behavioural analytics, intelligent screening, public safety prediction, and smart city infrastructure such as automated surveillance, digital traffic control, and data-driven resource optimisation. "As Malaysia progresses toward becoming a digitally connected and AI-enabled nation, MyNasional AI is strategically positioned to support cross-agency digital transformation, while offering scalable models for smart city deployment, public service automation, and even exportable AI solutions for regional use," it said. NexG deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman said that through MyNasional Holdings, the group is setting the stage for Malaysia's next-generation digital trust infrastructure. "From eKYC to business intelligence to AI innovation, our platforms will deliver real economic impact by accelerating public service transformation, strengthening national digital resilience, and enabling inclusive digital growth for all Malaysians," he added.
The Star
6 days ago
- The Star
NexG secures government job extension
PETALING JAYA: NexG Bhd has secured a six-month contract extension from the Home Affairs Ministry (KDN) to continue supplying passport chips to the Immigration Department. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB), accepted the letter of extension dated July 2, 2025 for a period of six months from Dec 1, 2025 until May 31, 2026. The first contract was received in December 2015 with an initial value of RM318.75mil over five years, from 2016 to 2021, for a total of 12.5 million chips. The group said there was no change to the contract's ceiling value, quantity or item value. Risks include the state of the overall economy, pandemic crisis, changes in government regulations and operational risks. 'The contract is expected to contribute positively towards the future earnings and net assets per share of DTSB for the financial year ending March 31, 2026 and the financial year thereafter for the duration of the contract.'
