NexG Shares Rise 3.03 Pct In Early Trade
KUALA LUMPUR, Aug 21 (Bernama) -- NexG Bhd’s share price rose 3.03 per cent in the early trade on Friday, following the company’s clarification on the government’s request for an indicative price for the possible acquisition of its wholly owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB).
At 10.53 am, its shares added one sen to 34 sen with 83.09 million shares traded, making it the most actively traded counter.
Yesterday, NexG said its wholly owned subsidiary, DTSB -- the provider of the MyKad national identity card -- is currently valued at RM7.5 billion.
NexG Bhd today clarified that the request for an indicative price for the possible acquisition of its wholly owned subsidiary, DTSB, by the government was made by the Ministry of Finance (MOF) last month.
“The request was conveyed to DTSB verbally at a meeting with MOF held on July 24, 2026, and was not made by way of a written document,” the security-related integrated technology solutions provider said in a reply to a query from Bursa Malaysia today.
It said MOF requested DTSB at the meeting to provide an assessment of three potential scenarios, including the compensation that might be payable in the event of termination of the MyKad supply contract between the Ministry of Home Affairs and DTSB.
The other scenarios were the indicative price for the possible acquisition of DTSB and the indicative price for the possible acquisition of a controlling block of shares in NexG, the holding company of DTSB.
-- BERNAMA