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seem the announcement has been delayed to catered to the warrant price fixing. The previous contract extension expired on 30th Nov and today is 10th Jan. there has been no contract for 41 days and counting. For the past few years since the last contract pricing back in 2017, there have not been price revision. Datasonic been supplying the chips and booklets on an old price since then. it's time to revise the price due to inflation for the past 8 years.
previous contract extension usually announced in early January. so am expecting the new passport contract announcement to be made in the week of 6th Jan 2025. 2 more weeks to go.
if it s just an extension of 12 months with same condition, it won't be fantastic. if it s a new 5 years contract with revised fees, then it would be fantastic.
learnt from MAS privatization and you would know what awaits Sapura. PNB or Khazanah or PETRONAS would acquire this n delist it from bursa. whatever remaining cash would be to pay up secured creditors. the rest can pick up the dust and smoke left by them. shareholders would always the ones to bear all the losses.
too big to fail. Gov is still helping and looking for buyer. most shareholders would be burnt for sure when it get delisted. only paid up the secured creditors in moving forward.