OTHERS Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares 17:12 OTHERS Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares NI HSIN GROUP BERHAD
Type Announcement Subject OTHERS Description Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval on Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares at the forthcoming Eighteenth Annual General Meeting of the Company.
A Statement to Shareholders and Annual Report 2021 containing details of the above proposal will be issued to the shareholders of the Company in due course.
Ni Hsin Group Bhd’s (Ni Hsin) wholly-owned subsidiary, Ni Hsin EV Tech Sdn Bhd (NH EV Tech), has launched its new TAILG EBIXON EV electric vehicle (EV) motorcycle models, which are imported and assembled at the company's manufacturing facilities in Seri Kembangan, Selangor.
The company has unveiled two models for the personal and commercial categories, namely TAILG EBIXON BOLD and TAILG EBIXON TORQ.
In a joint statement today, Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Arham Abdul Rahman said the production or assembly activities of Ni Hsin reflects the competitiveness of the local company in presenting itself as one of the innovative leaders of EVs.
"This is also in line with the government’s commitment to developing the EV technology ecosystem as outlined in the National Automotive Policy 2020
"Our target is to sell 15,000 units of TAILG EBIXON EV motorcycles a year over the next three years.
"We have signed a memorandum of agreement with several esteemed organisations to assist us in the marketing, promotion and distribution of TAILG EBIXON EV motorcycles," he said.
The company also said that the venture into e-mobility is in line with its drive toward achieving the environmental, social and governance agenda.
Base on the price tag at $9K and $14K, I think it is a recipe for disaster. The equivalance models in China cost not even one third! Is it due to the extremely high production cost in Malaysia or making huge profit???
Ni Hsin EV Tech Sdn Bhd had unveiled two models of its TAILG EV motorcycles in the personal and commercial categories, namely the TAILG EBIXON BOLD and TAILG EBIXON TORQ.
new budget offer RM 2400 for purchase EV motobike ,if Vmoto can sell 20,000 unit each year then Nishin have chance to break 1.20 ..now is good time to all in 。
No growth no dividend. What for? Fake hope? ______________________________________ Yup.i have 20k shares.keep long term.u may not know.my shares if but low can come back also.i keep some counter shares.dun scare volatile.lower 5 figures. 5/8/24 9.45pm
Blackbixon Café & Restaurant Grand Opening at NU EMPIREKUALA LUMPUR, 11 NOVEMBER 2024 – BlackBixon2Go Sdn. Bhd. (“BB2GO”), a subsidiary of Ni Hsin Group Berhad, is delighted to announce the grand opening of its fourth BlackBixon Café & Restaurant outlet today at NU Empire Shopping Gallery (“NU EMPIRE”) in Subang Jaya.NU EMPIRE is an integrated commercial comprehensive development consisting of 4 major components, namely Empire Shopping Gallery, Empire Hotel, Empire Tower and Empire SOHO. The combination of the retail podium with mutually complementary tower components brings about a vibrant environment for business, shopping, dining and lodging in Subang Jaya. It has over 180 splendid stores spread over 6 sensational shopping floors for shoppers to explore and experience.The tastefully furnished BlackBixon Café & Restaurant with BlackBixon-themed wall graffiti and art pieces serves the best fresh pastries in town and is notable for innovative unique products like the Giant Croissant, Black Fried Chicken,Hamburg Steak and the delicious and fragrant Croizza. Blackbixon Cafe’ & Restaurant brand and concept is crafted by the Managing Director of BB2GO, Khoo Chee Kong, to create cherished memories during leisurely, comforting mealsand facilitate successful business dealings through a delightful and unique gastronomical experience in an ambient space that fosters connections, relaxation and rejuvenation.The grand opening of the outlet was graced by Puan Lee Jen Uyin, Political Secretary to YB Ng Sze Han, Council Member of Majlis Bandar Subang Jaya.
"The Group's revenue and Loss Before Taxation ("LBT") were approximately RM7.95 million and RM1.35 million respectively for Q3 2024. Revenue in Q3 2024 was higher by 56.56% as compared with the revenue in Q3 2023 mainly due to higher sales in electric vehicles and café business. Consistently, the Group's gross profit (“GP”) margin for Q32024 was higher at 25.88% compared with the GP margin of 9.20% achieved in Q3 2023. Other income recognised in Q32024 at RM0.05 million compared to other loss incurred of RM0.01 million in Q3 2023 due to the adverse impact of foreign exchange. Operating expenses in Q3 2024 was higher as compared with Q3 2023 at RM3.31 million attributable to higher promotional and marketing activities in EV Division and the opening of two additional Blackbixon Café & Restaurant outlets. The Group recorded a LBT of RM1.35 million in Q3 2024 as compared to RM2.74 million in Q3 2023as a result of higher revenue. The Loss After Taxation (“LAT”) in Q3 2024 was RM1.48 million versus LAT of RM2.80 million recorded in Q3 2023."
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OTHERS Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares
17:12
OTHERS Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares NI HSIN GROUP BERHAD
Type Announcement
Subject OTHERS
Description Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval on Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares at the forthcoming Eighteenth Annual General Meeting of the Company.
A Statement to Shareholders and Annual Report 2021 containing details of the above proposal will be issued to the shareholders of the Company in due course.
This announcement is dated 24 March 2022.