Ni Hsin to invest RM10mil in expanding into marine, O&G sectors

KUALA LUMPUR: Ni Hsin Resources Bhd will invest a total of RM10mil in Satumarin Sdn Bhd in a bid to expand into the marine, oil and gas sector.

The group said in a sotck exchange filing it has agreed to acquire 490,000 shares or 49% stake in the oil and gas marine services provider for RM735,000 cash and will further invest RM9.27mil in the company over a period of five years.

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