KUALA LUMPUR (June 4): Datasonic Group Bhd (KL: DSONIC) said on Tuesday that it has secured five contract extensions from the Home Ministry, worth a total of RM181.66 million.
In a filing with Bursa Malaysia, the integrated information and communications technology (ICT) solutions provider said all the extensions are for a period of six months from June 1 to Nov 30 this year.
For the first contract, Datasonic said it received an extension for the supply of MyKad, MyTentera and MyPOCA raw cards and consumables to the National Registration Department (JPN) for an additional ceiling contract value of RM27.81 million.
When the group was first awarded the contract, the contract value amounted to RM28.69 million. With the extension of the contract, the overall value has risen to RM56.50 million.
Datasonic also received a third extension to the contract for the comprehensive maintenance services of card personalisation centres at JPN, worth RM11.57 million. With the latest extension, the overall value for this contract currently stands at RM72.61 million.
On top of that, Datasonic also received contract extensions for the supply of Malaysian passport chips, worth an additional RM59.77 million; Malaysian passport documents worth RM29.81 million, and polycarbonate biodata pages worth RM52.70 million, to the Immigration Department.
At Tuesday’s market close, Datasonic was two sen or 4.12% higher at 50.5 sen, giving the group a market capitalisation of RM1.48 billion.