KUALA LUMPUR: Complete Logistic Services Bhd
(CLSB) has proposed for a change of name to Hextar Technologies Solutions Bhd, in line with its diversification into the information and communications technology (ICT) solutions and services.
In a filing with Bursa Malaysia, the company said it has been contemplating an alternative income stream to mitigate the risks of solely relying on the existing businesses.
"The technology business is expected to generate additional sources of income for the group, as well as to diversify and expand the earnings base to reduce the sole reliance on existing businesses,” it said.
The logistic service provider said the proposed diversification will include, among others, the Internet of Things (IoT), support and maintenance services for ICT infrastructure and software, and other related ICT business activities.
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