PETALING JAYA: Datasonic Group Bhd
has accepted two letters of extension (LOE) from the Ministry of Home Affairs of Malaysia for contracts totalling RM150.45mil.
In a filing with Bursa Malaysia, Datasonic said the first LOE is for the supply of Malaysian passport documents to the Malaysia Immigration Department for a period of 12 months commencing from Dec 1, 2024 to Nov 30, 2025 for an additional third ceiling contract value of RM57.15mil.
The second LOE is for the supply of polycarbonate biodata pages to Malaysia Immigration Department for a period of 12 months commencing from Dec 1, 2024 to Nov 30, 2025 for an additional third ceiling contract value of RM93.3mil.
“The contracts are expected to contribute positively towards the future earnings and net assets per share of Datasonic Group for the financial year ending March 31, 2025 and the financial year thereafter for the duration of the contract and will not have any effect on the share capital and substantial shareholders’ shareholdings of Datasonic Group.”
