KUALA LUMPUR, Oct 1, 2021 - (ACN Newswire via SEAPRWire.com) - Ni Hsin Ecologistics Sdn Bhd, a wholly-owned subsidiary of the Bursa Malaysia Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) ("Ni Hsin"), has today entered into an Investment Agreement for the acquisition of a 60% stake in Pride Logistics Alliance Sdn Bhd ("PLA") ("the Proposed Acquisition").Managing Director of Ni Hsin Ecologistics Sdn Bhd, Khoo Chee KongWarehouseEstablished in 2014, PLA is principally engaged in providing freight forwarding services. The Company's business includes freight, forwarding, haulage & transportation, warehousing and international agency services.Managing Director of Ni Hsin Ecologistics Sdn Bhd, Khoo Chee Kong, said: "We are diversifying into the logistics industry to complement our food and beverage business as we see this acquisition as cementing the last mile of the ecosystem where we are using electric vehicles for delivery. PLA has an experienced team with the knowledge and expertise in logistics that we can leverage on."Ni Hsin also sees the acquisition as a springboard into the logistics business, especially in fifth-party logistics (5PL), wh...