NEXG Bhd (formerly Datasonic Group Bhd) has entered into a memorandum of understanding (MoU) with LUN Partners Financial Limited (LPF), a member of the Asia-based LUN Partners Group, to collaborate on the global commercialisation of its digital identity verification and cybersecurity technologies.
Signed today, the MoU outlines plans for both parties to drive innovation in fintech and digital technologies, leverage LPF’s global network to identify strategic partners, and potentially establish joint ventures in key international markets.
The collaboration aims to unlock new business opportunities in Asia and beyond, although the MoU is non-binding and subject to a formal agreement by September 1, 2025.
The initiative is not expected to have immediate financial impact on NEXG’s current earnings or capital structure but is viewed by the board as a strategic step towards expanding the company’s global footprint. –TMR
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