Datasonic secures RM223mil deal to supply Malaysian passports

People queueing in line to renew their passports at the Home Affairs Ministry Kuala Lumpur Federal Territory (KL FT) Complex at Jalan Duta yesterday.

KUALA LUMPUR: Datasonic Group Bhd, which has already bagged a RM318.75mil contract to supply Malaysian passport chips, on Wednesday secured a RM223.38mil deal from the Home Affairs Ministry to supply Malaysian passport documents over the same five-year period starting Dec 1, 2016, or 13.416 million units.

In a filing with Bursa Malaysia, the secure ID and chip-based card provider said its wholly owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB), had accepted the letter of award (LOA), under which it is required to furnish a performance bond for RM2.23mil valid throughout the five years.

“The contract is subject to normal business risks such as increase in cost due to any escalation of material costs and contractual terms including default provisions. As such, the management would put in place control measures and operational procedures to reduce the impact or likelihood of such events,” the company said.

Datasonic shares gained 7 sen to close at RM1.37 on Wednesday, with 2.772 million shares changing hands.