DATASONIC GROUP BERHAD (“DATASONIC”)
LETTERS OF AWARD (“LOA”) FROM KEMENTERIAN DALAM NEGERI MALAYSIA (“KDN”) TO DATASONIC TECHNOLOGIES SDN BHD (“DTSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
The Board of Directors (“Board”) of Datasonic wishes to announce that DTSB has on 18 April 2014 at 12.40 p.m. received and accepted the following LOA dated 17 April 2014 from KDN:-
i) For the supply of 4 million new raw MyKad with 100% polycarbonate material and new security features to the National Registration Department (“NRD”) (hereinafter referred to as (“Contract 1”) for a period of six (6) months commencing from 1 January 2014 to 30 June 2014 for a contract sum of RM72,000,000.00; and
ii) For the supply of additional 10 million new raw MyKad with 100% polycarbonate material and new security features together with 10 million consumables to the NRD (hereinafter referred to as (“Contract 2”) for a period of two (2) years commencing from 1 July 2014 to 30 June 2016 for a contract sum of RM220,200,000.00.
(Contract 1 and Contract 2 shall hereinafter collectively be referred to as “Contracts”)
Please refer to the attached file for the details of the announcement.