CORP BRIEF: Datasonic, MGB Bhd and Notion VTec

pic by MUHD AMIN NAHARUL

Datasonic gets contract extension from MoHA

DATASONIC Technologies Sdn Bhd (DTSB), a wholly-owned subsidiary of Datasonic Group Bhd, has received a contract extension letter of award from the Ministry of Home Affairs (MoHA) worth RM8.65 million, for an additional six units of foreigner e-gate with facial recognition system to be placed at the Malaysia-Singapore entry and exit points. In a filing to Bursa Malaysia, Datasonic said the previous award dated Feb 3, 2020, which involved the supply, delivery, installation, testing, integration, commissioning and technical support of equipment, software and application for 16 units, was worth RM6.97 million. The extension contract commenced from Feb 15, 2021, and will end on Feb 14, 2022.

MGB C&E to develop 2 plots of land in Selangor

MGB Bhd’s wholly-owned subsidiary, MGB Construction and Engineering Sdn Bhd (MGB C&E), has bagged a contract worth RM442.8 million. In a filing to the stock exchange, the company noted that the contract is to develop two plots of land in Selangor. The first one, which is in Dengkil, Sepang, would be used to develop a property comprises two 25-storey blocks, (1,036 units) and to be developed by Seloka Sinaran Sdn Bhd. The second one is located in Ijok, Kuala Selangor, and consists of two blocks of apartments with 1,044 units. It will be developed by Kemudi Ehsan Sdn Bhd. Both projects are expected to commence on March 1, 2021, and completed in July 2023. MGB C&E has also accepted a project management contract worth RM58 million from Seloka Sinaran and Kemudi Ehsan to manage the sales, marketing, credit and administration of the projects.

Notion VTec receives EU’s permission to export gloves

NOTION VTec Bhd (NVB) said its wholly-owned subsidiary, Novid PPE Sdn Bhd (NPSB), is in partnership with Europecert and has registered the Novid Class 1 non-sterile, powder-free nitrile examination glove with the European Union (EU) authority. In a filing to the local stock exchange, NVB said the product is in conformity with the provisions of the EU Medical Device Regulation, thus allowing NPSB to export to the EU countries with immediate effect. The group made a new path for its healthcare business last year, following its registration with the US Food and Drug Administration (FDA) for polymer patient gloves. It, however, needed a 510 (k) marker, a premarket submission by the FDA showing the device is safe and effective. In Octo- ber 2020, the group said it will invest some RM90 million in setting up nine nitrile glove production lines. The first phase comprised an estimated capital expenditure (capex) of RM30 million for three lines with an output of 60 million pieces of gloves each month. The remaining capex of RM60 million will be used for another six production lines, expected to commence operations in November 2021, adding 120 million pieces of gloves to its monthly capacity.