NSC blocks Datasonic takeover, vows to shield MyKad and passport identity under strict oversight

Malaysia rules out $2.37 billion takeover of passport supplier

The government continues to explore measures to safeguard the “security and sovereignty” of citizens’ identities. Read more at straitstimes.com.

Malaysia rules out US$1.9 billion takeover of passport supplier

Datasonic parent NexG has become the subject of a ‘corporate mafia’ dispute Read more at The Business Times.

NSC blocks Datasonic takeover, vows to shield MyKad and passport identity under strict oversight

PUTRAJAYA, Aug 22 — The Madani Government does not plan to buyout Datasonic Technologies Sdn Bhd (DTSB), a company that provides services related to people’s identity, according to the National Security Council (MKN).In a statement today, the MKN said that the stance was taken following media reports regarding the proposed acquisition of the company.“Regarding media reports on the proposed acquisition of Datasonic Technologies, which provides ci…

Govt not taking over passport, MyKad supplier Datasonic

NexG Bhd said in a bourse filing on Friday the finance ministry had asked for an indicative price for the possible acquisition of its wholly owned unit Datasonic, and that a figure of RM7.5 billion had been suggested based on an internal assessment. (Facebook pic)PETALING JAYA: The government will not acquire Datasonic Technologies Sdn Bhd, the supplier of the country’s passports and national identity cards, says the National Security Council (M…