Inix plans to move away from IT business

SHAH ALAM: Inix Technologies Holdings Bhd said it is trying to shift away from its loss-making ICT solutions business, reshaping the company to focus on its diversification into dredging and land reclamation business instead, according to executive director Mohd Anuar Mohd Hanadzlah.
"We are moving away from our core business, but we will still maintain the IT business until the time we secure a really sustainable project in the (dredging) business," Mohd Anuar said.
Inix made its entry into the dredging and land reclamation business in December last year, by acquiring a 30% stake in Galactic Maritime (M) Sdn Bhd for RM7.2 million.
Galactic Maritime is principally involved in the provision of reclamation dredging and environmental protection dredging services.