Wednesday 24 Apr 2024
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KUALA LUMPUR (Aug 10): Datasonic Group Bhd shares rose 1.21% at mid-morning today after the company said it is partnering Bahraini company Dynamic Structures WLL (DSWLL) to expand its security business internationally in 18 countries in the Middle East and North Africa (MENA) region.

At 10.35am, Datasonic added 1 sen to 83.5 sen with 1.21 million shares done.

Datasonic has entered into a five-year exclusive agency agreement with DSWLL to jointly develop and coordinate business activities of secure identification, personalisation solution, integrated security and surveillance system.

Datasonic will provide the full funding to establish a regional office, while DSWLL will assist Datasonic to obtain the licences, permits, and registrations which are required to commence operations.

The agreement is not expected to see any contribution for the financial year ending March 31, 2019.

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