Ni Hsin Ventures into Fifth-Party Logistics (5PL)
KUALA LUMPUR, Oct 1, 2021 - (ACN Newswire) - 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. Managin...