He said the initiative was a follow-up of the state government's success in securing first place at last year's Malaysian Government Portals and Websites Assessment.
The assessment, by the Multimedia Development Corporation (MDeC), was undertaken based on the global best practices criteria applied by Brown University and Waseda University, he said after opening the state government's e-government exhibition, here.
Read more: Malaysia: Portal Success Drives Penang Govt To Expand Online Services
To this end, MYEG proposes to undertake a private placement of up to 25.25 million new 10 sen shares, representing up to 10% of the current issued and paid-up share capital of RM25.25mil.
Government agency Multimedia Development Corporation (MDeC), the Ministry of Science, Technology and Innovation (MOSTI), and the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) carried a portal assessment program between November 2007 and March 2008.
The three-day event was organised by the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) to promote various e- Government services.
MYEG executive chairman Datuk Dr Norraesah Mohamad said Pos Malaysia Bhd would first verify the claim before making payment to the eligible vehicle owners through money order within seven working days, or credit the amount into their bank account within three working days.