Ni Hsin proposes fundraising via issuance of utility tokens

KUALA LUMPUR: Ni Hsin Group Bhd's wholly-owned subsidiary Ni Hsin EV Tech Sdn Bhd has proposed to conduct an inital exchange offering (IEO) exercise to raise funds for its electric vehicle (EV) business.

In a statement, it said it had entered into an IEO agreement with Pitch Platforms Sdn Bhd for the provision of IEO services to the company with the objective of hosting the company on its licensed IEO platform, PitchIN.