PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) says Datasonic Group Bhd is not under probe in relation to the supply of 12.5 million chips for the country’s passports.
Datasonic said yesterday the anti-graft agency had issued a clarification to the company informing that it was not the entity under investigation by the MACC. The company also said that it had extended its full cooperation to the MACC.
It issued the statement in response to an article on Oct 19, 2018 which appeared in TheEdgeMarkets.com that Datasonic, MyEG were implicated in charges against former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
The company’s shares had suffered a huge drop and had lost almost half of its value when the initial news was made public in October last year. Datasonic’s shares and structured warrants were suspended from trading yesterday from 3.36pm before this announcement. Trading in its shares and warrants will resume today.
After reaching a five-year low of 28.5 sen on Oct 30, 2018, Datasonic closed yesterday at 51 sen prior to its suspension.
Did you find this article insightful?