MyEG, Datasonic drop sharply

UOB Kay Hian Malaysia Research believes that MyEG Services stands to be the sole beneficiary of e-bidding for the vehicle plates.

KUALA LUMPUR: Shares of MyEG Services Bhd and Datasonic Group Bhd were pummelled after both companies were believed to be linked to graft charges against former deputy prime minister Datuk Seri Ahmad Zahid Hamidi, who is also current Umno president.

In a subsequent statement to Bursa, MyEG said it had received a letter from the Malaysian Anti-Corruption Commission confirming and clarifying that MyEG and its board of directors are not under investigation and are not party to the investigation revolving around Zahid.