KUALA LUMPUR: Ni Hsin Resources Bhd has proposed to undertake a renounceable rights issue of up to 960.1 million redeemable convertible preference shares (RCPS) at an issue price of 0.01 sen each on the basis of two RCPS for every one existing share held.
The company has also proposed to diversify into the food and beverage (F&B) business which will enable it to venture into other revenue-generating business to mitigate the risk of overdependence on its existing core businesses.
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