KUALA LUMPUR: Datasonic Group Bhd’s call warrants tumbled early Tuesday but its shares still held steady after the company was rebuked by the government over the alleged faulty chips used in the passports.At 10am, the call warrants, Datasonic-CJ plunged 12 sen to 1.5 sen with 58,600 units done.
Its shares were holding steady, just down two sen to RM1.38 with 1.61 million shares traded.
The FBM KLCI fell 1.45 points or 0.09% to 1,663.78. Turnover was 338.72 million shares done valued at RM163.17mil. There were 154 gainers and 259 losers.
The Star reported the Government has ordered Datasonic, which was appointed to supply passports, to buck up or face action.
Deputy Home Minister Datuk Nur Jazlan Mohamed said its performance was being reviewed and warned that action would be taken if it failed to perform its contractual duties.
Last week, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi ordered an increase to 20,000 passports daily, to meet the shortfall. Until then, the vendor was reportedly only providing between 5,000 and 10,000 passports daily.
Datasonic is the principal supplier of the passports and many of the chips used on the data page allegedly had defects. The data page holds information on the passport bearer.
The company imports the biodata polycarbonate data page which contains the microchip.