05/05/2026
NexG Berhad Responds to Media Report, Clarifies Facts and Reaffirms Strengthened Governance
KUALA LUMPUR – NexG Berhad (“NexG” or “the Company”) refers to recent articles published by Astro Awani, including “Skandal NexG: Abu Hanifah Noordin perlu beri maklumat penuh – ahli akademik” and “Kerajaan wajar gantung, semak semula kontrak NexG – pakar ekonomi”.
The Company notes that comments attributed to Prof. Emeritus Barjoyai Bardai and Prof. Madya Ahmed Razman Abdul Latiff have raised concerns regarding NexG’s operations, governance and government contracts.
While NexG respects academic perspectives, the Company must emphasise that the statements made reflect an incomplete and, in several respects, inaccurate understanding of how a public listed company operates within a regulated environment.
Compliance with Regulatory Framework
NexG operates as a company listed on Bursa Malaysia and is fully accountable to:
• Its shareholders
• Regulatory authorities
• Strict listing requirements and disclosure obligations
All corporate exercises, including acquisitions and strategic decisions, have been:
• Duly announced in accordance with Bursa Malaysia requirements
• Subject to appropriate regulatory review
• Where required, approved by shareholders
Any suggestion that these processes were bypassed is factually incorrect.
Response to Calls for Forensic Audit and Contract Suspension
The Company notes calls by the aforementioned academics for a forensic audit and suspension of government contracts.
NexG wishes to state that:
• Such measures are serious regulatory interventions that are not initiated arbitrarily
• They require credible evidence of wrongdoing, not conjecture or public speculation
• Proposing such actions without basis demonstrates a lack of appreciation of established regulatory, legal and contractual processes
The Company cautions against premature or uninformed recommendations that may create unnecessary alarm and undermine confidence in national infrastructure projects.
Clarification on Financial Reporting
With regard to references to fair value losses, NexG emphasises that:
• These are non-cash accounting adjustments in line with financial reporting standards
• They do not represent loss or misappropriation of funds
Any attempt to suggest otherwise is misleading.
Governance, Board Renewal and Internal Matters
NexG acknowledges that past matters, including those associated with Victor Chin, have been publicly reported.
Executive Chairman, Datuk Ishak Ismail, said:
“We respect the role of academics in contributing to public discourse. However, commentary on regulated industries and public listed companies must be grounded in a clear understanding of the applicable legal and regulatory frameworks. NexG is fully accountable to its shareholders and regulators. All our actions are subject to strict compliance, disclosures and approvals where required. Calls for forensic audits or contract suspension without substantiated basis risk creating unnecessary confusion and do not reflect how such processes are governed.
The Company today is under a new Board with a clear mandate; to operate with integrity, transparency and discipline. Issues from the past have been addressed, and we are firmly focused on moving forward. We remain committed to supporting the Government and safeguarding national interests with the highest standards of professionalism.”
Commitment Moving Forward
NexG remains steadfast in its commitment to:
• Strong corporate governance
• Regulatory compliance
• Operational integrity
• Supporting Malaysia’s national security infrastructure
The Company urges all parties to rely on verified facts and official disclosures, and to approach public commentary with due care and responsibility.
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About NexG Berhad
NexG Berhad, formerly known as Datasonic Group Berhad, is one of the most prominent security-related integrated technology solutions providers in Malaysia with a strong track record in mission-critical national projects. It has been listed on the Bursa Malaysia Securities Berhad Main Market since 2012. NexG offers strong technical capabilities that are backed up by a talented in-house research and development ("R&D") team. It specialises in multipurpose national identification cards, International Civil Aviation Organisation ("ICAO") compliant ePassports, auto gates with multimodal biometrics and facial recognition systems, financial smart cards, integrated CCTV and surveillance systems with video analytics, and healthcare-related ICT solutions. Since 2012, NexG has been the provider for the Malaysia National ID ("MyKad") project, and since 2016, it has been the vendor supplying integrated ICAO-compliant e-passport solutions to the Malaysian government. NexG is also a pioneer and a major provider of ATM/Debit Card and Europay, Mastercard, and Visa ("EMV") credit and debit card personalization systems and solutions.
Date: 5 May 2026
For further media enquiries please contact:
Strategic Communications Department
NexG Berhad
