Author: bonitawetter17

Ni Hsin Ventures into Fifth-Party Logistics (5PL)

Ni Hsin Ecologistics Sdn Bhd, a wholly-owned subsidiary of the Bursa Malaysia Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) (“Ni Hsin”), has today entered into an Investment Agreement for the acquisition of a 60% stake in Pride Logistics Alliance Sdn Bhd (“PLA”) (“the Proposed Acquisition”).Established in 2014, PLA is principally engaged in providing freight forwarding services. The Company’s business includes freight, forwarding, haulage & transportation, warehousing and international agency services. Managing Director of Ni Hsin Ecologistics Sdn Bhd, Khoo Chee Kong, said: “We are diversifying into the logistics industry to complement our food and ... Read more