Circular/Notice to Shareholders
| COMPLETE LOGISTIC SERVICES BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A: (A) PROPOSED DIVERSIFICATION OF COMPLETE LOGISTIC SERVICES BERHAD'S ("CLSB") EXISTING BUSINESSES INTO INFORMATION AND COMMUNICATIONS TECHNOLOGY ("ICT") SOLUTIONS AND SERVICES, WHICH WILL INCLUDE BUT NOT LIMITED TO DEVELOPMENT AND IMPLEMENTATION OF INTERNET OF THINGS ("IOT") BASED SOFTWARE APPLICATIONS AS WELL AS SUPPORT AND MAINTENANCE SERVICES FOR THE SOFTWARE APPLICATIONS AND INFRASTRUCTURE, AND OTHER RELATED ICT BUSINESS ACTIVITIES SUCH AS IOT SOFTWARE ENHANCEMENT SERVICES, SALES AND/OR UPGRADE OF INFRASTRUCTURE, SOFTWARE LICENCES AND MONITORING TOOLS, AND DATA INTEGRATION; (B) PROPOSED CHANGE OF CLSB'S NAME FROM COMPLETE LOGISTIC SERVICES BERHAD TO HEXTAR TECHNOLOGIES SOLUTIONS BERHAD; AND (C) PROPOSED DISPOSAL OF 36,000,000 ORDINARY SHARES IN CLASSIC SCENIC BERHAD ("CSCENIC"), REPRESENTING APPROXIMATELY 14.94% EQUITY INTEREST IN CSCENIC AND 18,000,000 WARRANTS IN CSCENIC HELD BY CLSB TO DATO ONG CHOO MENG FOR A TOTAL CASH CONSIDERATION OF RM32,040,000. PART B: INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL. PART C: PROPOSED NEW SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND NOTICE OF EXTRAORDINARY GENERAL MEETING |
Please refer attachment below.
Announcement Info
| Company Name | COMPLETE LOGISTIC SERVICES BERHAD |
| Stock Name | COMPLET |
| Date Announced | 15 Jun 2022 |
| Category | Document Submission |
| Reference Number | DCS-15062022-00004 |