Friday 26 Apr 2024
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KUALA LUMPUR (Aug 6): Shares in Ni Hsin Resources Bhd fell 3.03% this morning after the firm inked an exclusive distributorship agreement (EDA) with Japanese kitchen cookware manufacturer Wonder chef Co Ltd to market the latter's products in the Asean market.

At 9.23am, Ni Hsin fell 0.5 sen to 16 sen for a market capitalisation of RM51.44 million.

Ni Hsin said its unit Ni Hsin Corp Sdn Bhd (NHC) had entered the EDA to particularly market woks and pressure cookers.

It said Wonder chef's products are sold in numerous Japanese departmental stores and general merchandising stores, as well as via television shopping to reach out to a wider consumer group.

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