KUALA LUMPUR: Datasonic Group Bhd (DGB) shareholders approved the allocation of employee share option scheme (ESOS) options to executive deputy chairm...
In line with the group’s planned transformation, DGB has also proposed changing the company’s name to NexG Bhd.
At the company’s extraordinary general meeting, the resolution failed to pass with 42 shareholders, representing 75.99% of voted shares, against the proposal.Moving on, DGB also announced a transformation plan that will see the group emerge as a leader in physical and digital identity markets. To support the proposed transformation plan, Datasonic intends to make strategic investments to broaden the group’s market presence, increase its portfolio of products and services, and accelerate its internal research and development activities.
“By leveraging next-generation technologies such as AI, we are positioning ourselves to play a key role in national digital transformation initiatives such as MyDigital ID, ensuring we remain at the forefront of delivering value to our stakeholders and supporting Malaysia’s digital economy aspirations.
The first step in the group’s transformation is acquiring a 51% equity stake in Innov8tif Holdings Sdn Bhd for RM40 million.IHSB technologies, including e-KYC, liveness facial recognition, document authentication, and fraud detection, have been delivered to a broad portfolio of customers in Asean countries, including public-listed companies, banks, and credit bureaus.
As part of the transformation plan, the group has immediately redesigned independent non-executive director Datuk Puvanesan Subenthiran as executive director.
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