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

PETALING JAYA: 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 sectors.

The manufacturer of premium stainless steel multi-ply cookware in Asia said 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 five years.