KUALA LUMPUR (Oct 15): Shares in stainless steel cookware maker Ni Hsin Resources Bhd rose 6.06% this morning after it the firm said it plans to invest RM10 million in Satumarin Sdn Bhd to expand into the marine and oil and gas (O&G) sectors, following the announcement that the group agreed to buy a 49% stake for RM735,000 in Satumarin.

At 9.25am, Ni Hsin added 1 sen to 17.5 sen for a market capitalisation of RM56.26 million.

The bumiputera company also holds the license to supply products and services to exploration and O&G companies in Malaysia issued by Petronas.