Sunday 19 May 2024
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KUALA LUMPUR (Sept 14): Palette Multimedia Bhd, which provides solutions in the areas of broadband, wireless and networking products and services, said it intends to change its name to UCrest Bhd.

"The use of the proposed name UCrest Bhd has been approved and reserved by the Companies Commission of Malaysia," Palette said in a filing with Bursa Malaysia today.

Palette said it will next seek approval from its shareholders on the name change, in a meeting to be convened at a later day.

Listed on the ACE Market since 2001, Palette is currently a loss-making technology solutions provider.

For the financial year ended May 31, 2017, Palette recorded a net loss of RM802,000 on revenue of RM5.71 million.

Palette's share price slipped 0.5 sen or 2% to close at 24.5 sen, giving the firm a market capitalisation of RM78.28 million.

 

 

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