Latest news with #NiHsin
New Straits Times
04-07-2025
- Business
- New Straits Times
Kelington shares rise on MoU with Petronas CCS
KUALA LUMPUR: Kelington Group Bhd's share price rose in early trade on Friday, following a memorandum of understanding (MoU) signed with Petronas CCS Solutions Sdn Bhd to explore carbon capture technologies. At 9.53 am, the counter gained 4.0 sen to RM3.84, with 418,600 shares traded. In a statement yesterday, Kelington said the collaboration will explore joint value propositions through a feasibility study leveraging its unit Ace Gases Marketing Sdn Bhd's expertise in carbon dioxide logistics and facility operations. "This MoU will be valid for one year, with an option to extend for an additional year, subject to mutual agreement, and it will focus on identifying potential synergies and opportunities in managing carbon emissions. "Upon completion, it is anticipated that the study will provide a comprehensive assessment of the commercial and technical viability of developing joint value propositions in relation to the transport of carbon emissions," it said. It added that the findings may pave the way for potential future projects and collaborations between both parties, contributing to sustainable and innovative solutions for carbon management. Corporate Jul 3, 2025 @ 6:24am Kelington to explore carbon capture technologies with Petronas' unit Corporate Apr 4, 2025 @ 2:46am Axiata bows out of Myanmar with US$150mil divestment Corporate Jun 19, 2025 @ 7:13am BCorp buys 42.5mil Berjaya Assets shares, raises stake to 13.96pct Corporate Jan 6, 2025 @ 3:58am Ni Hsin seeks SC nod on raising fund via token crowdfunding
The Star
30-06-2025
- Business
- The Star
Ni Hsin enters negotiations over acquisition of poultry group
KUALA LUMPUR: Ni Hsin Group Bhd has inked a heads of agreement (HOA) with Datuk Sri Pua Tian Siong to facilitate negotiations over the proposed acquisition of the entire equity interest in each of the Hy-Fresh group of companies. Hy-Fresh Group collectively operates one of Malaysia's largest fully integrated halal-certified poultry businesses under the HY-FRESH band. According to Ni Hsin's statement, Hy-Fresh's itegrated operations and businesses span from feed milling, breeder and broiler farms, hatcheries, layer farms, processing plant, cold storage to distribution of their products across the country and Singapore. Pua is the ultimate controlling shareholder and beneficial owner of Hy-Fresh Group. "This event marks a new chapter and a significant progression for Ni Hsin following the recent diversification to the F&B sector. "With this proposed acquisition, Ni Hsin will expand its business operations into the staple food industry. "The poultry market is a significant component of the country's food industry. Its growth has been resilient, driven by the high demand for chicken and eggs, which are staple foods in the Malaysian diet," said Ni Hsin principal officer Khoo Chee Kong.
