KUALA LUMPUR: Datasonic Group Bhd has clinched a contract worth RM140 million to supply foreign worker cards (i-Kads) to the Immigration Department of Malaysia (IDM) for a period of three years.
In a filing on Monday (Nov 7), the security-based ICT solutions provider said the group’s wholly owned subsidiary Datasonic Technologies Sdn Bhd (DTSB) received the letter of award from the Ministry of Home Affairs.
Datasonic noted that DTSB is to supply the i-Kads to the IDM from Nov 1, 2022, to Oct 31, 2025.
Meanwhile, the group said DTSB will also implement the Professional Training and Education for Growing Entrepreneurs (PROTÉGÉ) programme as set by the government.
Datasonic said the contract is expected to contribute positively towards the group’s future earnings and net assets per share.
At the noon break on Monday, shares in Datasonic stood unchanged at 53.5 sen, giving the group a market capitalisation of RM1.57 billion.
Source : The Edge Markets