NexG (former Datasonic Group)

[winston]

not vested

Datasonic clinches contract in Africa worth almost RM1 bil — sources

by Liew Jia Teng

Estimated value of close to RM1 billion over 10 years, to provide total turnkey solutions for the land office of a West African nation.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/652208

[winston]

not vested

2Q Results

Revenue: 225%; RM 94m
Profit After Tax: RM 25m
Net Asset 0.13

https://www.bursamalaysia.com/market_in ... id=3310888

[winston]

not vested

2 Anwar acolytes spar over government’s tech provider NexG; insiders warn of messy shareholder war

The two involved are Ishak Ismail, a veteran corporate figure and a long-time operative for Prime Minister Anwar Ibrahim; and Farhash Wafa Salvador, a former senior aide to Anwar who has positioned himself as one of corporate Malaysia’s fastest-rising players, say insiders.

Ishak, 66, has quietly amassed a 25 per cent stake in NexG, in a deal valued at roughly RM300 million (US$72.35m).

This year alone, NexG has secured several new and extended government contracts.

These include an 18-month extension from the Home Ministry for the supply of foreign worker cards, a six-year contract to supply Malaysian passports and identity cards and an expanded scope of work to produce driving licence cards for the Road Transport Department.

Source: CNA

https://www.channelnewsasia.com/asia/ma ... il-5479871

[winston]

STORIES OF THE YEAR: NexG was in the thick of action

By Kamarul Azhar

It secured four contracts that are worth slightly more than RM2.5 billion within two months.

In late August, NexG secured a six-year contract worth RM1.73 billion from the Ministry of Home Affairs to supply Malaysian passports from June 1, 2026 until May 31, 2032.

NexG had been given six-month extensions for its initial contract to supply Malaysian passport booklets between 2021 and June 2025.

In October, the company was granted three additional public contracts, including a RM732.72 million deal to supply national identity cards.

On Aug 8, three weeks before it was granted the passport contract, NexG announced that it had spent RM76.78 million in cash to acquire a 32.61% stake and 414.3 million units of warrants in Classita. The transaction price was an 87.5% premium over the market price of eight sen.

In November 2024, it acquired 51% equity interest in Innov8tif Holdings Sdn Bhd from Revenue Group Bhd (KL:REVENUE) for RM40 million cash. Four months later, it acquired 175 million shares, or a 7.58% stake, in MMAG Holdings Bhd (KL:MMAG) for RM70 million cash.

In November 2024, it acquired 51% equity interest in Innov8tif Holdings Sdn Bhd from Revenue Group Bhd (KL:REVENUE) for RM40 million cash. Four months later, it acquired 175 million shares, or a 7.58% stake, in MMAG Holdings Bhd (KL:MMAG) for RM70 million cash.

NexG’s board of directors explained that the acquisition of Innov8tif was integral to its MyNasional private digital ID platform. Innov8tif was later renamed MyNasional eKYC Holdings Sdn Bhd.

Source: The Edge Malaysia

https://theedgemalaysia.com/node/787390

[behappyalways]

What exactly happened to NexG?

《+1财经》NexG到底发生什么事？

https://m.youtube.com/watch?v=slps1KVzGX0