MEMORANDUM OF UNDERSTANDING NI HSIN GROUP BERHAD (FORMERLY KNOWN AS NI HSIN RESOURCES BERHAD)("NI HSIN" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN DONGGUAN TAILING ELECTRIC VEHICLE CO., LTD. AND NI HSIN EV TECH SDN. BHD.
Pursuant to the MOU, NH EV TECH and TAILG (“Parties”) have jointly agreed to commence discussion and negotiations exclusively in good faith the details on the structures and terms of the Proposal, which will be mutually beneficial and synergistic with the intention to finalise and enter into the relevant definitive agreements within three (3) months from the date of the MOU or such other longer period as the Parties may mutually agree upon.
Khoo added, “The Ni Hsin Group’s venture into the e-mobility business is about business sustainability as well as a commitment to the ESG criteria of sustainability. Complementing our BLACKBIXON Coffee business concept of cafe@anywhere, we have created our proprietary Mobile Beverage Machine which uses EV bike to power the operation of the coffee machines to brew and serve our BLACKBIXON coffee to customers at various popular locations in cities around the country. We are also targeting to expand this business model across ASEAN.
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