KUALA LUMPUR, NexG Bhd has clinched its third government contract since late August, following an announcement that the group secured an 18-month extension from the Immigration Department for the continued supply of foreign worker cards.
The extension, effective from Nov 1, 2025 to April 30, 2027, builds on the original RM140 million contract awarded on Nov 1, 2022 for 36 months. NexG said the renewal will not be subject to the sales and service tax. This marks the company’s third major public-sector contract in under two months.
On Aug 29, its wholly-owned unit Datasonic Technologies Sdn Bhd (DTSB) was awarded a six-year RM1.73 billion contract by the Ministry of Home Affairs to supply Malaysian passports from June 1, 2026 to May 31, 2032.
Two weeks later, NexG announced another six-year deal worth RM732.72 million from the same ministry to supply national identity cards — including MyKad and MyTentera — for the same contract period.
The passport and MyKad contracts came shortly after the group’s share price plunged nearly one-third following its acquisition of a 32.61% stake in Classita Holdings Bhd, now renamed NexG Bina Bhd.
Board shake-up continues
Alongside its contract wins, NexG reported a series of board resignations. Independent directors Datuk Seri Mohd Sopiyan Mohd Rashdi and Datuk Zainal Abidin Abu Hassan stepped down to pursue other interests. Mohd Sopiyan, appointed just a month ago, has extensive experience in financial institutions, while Zainal Abidin previously served as secretary general at the Ministry of Science, Technology and Innovation and the Ministry of Housing and Local Government.
Their departures follow the exit of former executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman and executive director Datuk Puvanesan Subenthiran on Oct 14.
Following the changes, NexG’s board now comprises chairman and CEO Datuk Hanifah Noordin, who holds a 9.28% stake, executive directors Datuk Ab Hamid Mohamad Hanipah and Erna Ismail, and independent directors Datuk Ibrahim Abdullah and Datuk Che Nazli Jaapar. NexG’s shares closed one sen or 2.2% lower at 45 sen on Wednesday, valuing the group at RM1.67 billion. The stock has more than doubled from its April low of 22 sen.
