07 Jul 2025

Ni Hsin to acquire Hy-Fresh Group

Ni Hsin signs agreement to acquire Hy-Fresh, a top halal-certified integrated poultry business in Malaysia.

Jess Ramanee

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Malaysian company Ni Hsin Group has forged a heads of agreement (HOA) to acquire Hy-Fresh Group, one of the country’s largest fully integrated halal-certified poultry businesses.

The HOA grants both parties exclusive negotiation rights for 90 days—or longer if necessary—to finalize a definitive agreement. This process will be subject to due diligence, valuation, and regulatory approvals.

The potential deal is expected to be settled through a mix of cash and new Ni Hsin shares. Final terms, including purchase price and payment structure, will be determined following further negotiations.

Integrated poultry supply chain

Hy-Fresh Group operates a fully integrated poultry business that includes feedmilling, breeder and broiler farms, hatcheries, layer farms, processing plants, cold storage, and distribution facilities across Malaysia and Singapore.

The Group’s subsidiaries include Hy-Fresh Industries, PTS Food Distribution, Kerabat Processing House (Pedas), Goldform Corporation, PTS Feedmill, PTS Poultry Processing (BP), Worldsign Industries, ABT Fresh & Frozen Supply, and Goldform Resources.

According to Ni Hsin, the proposed acquisition is not likely to affect its earnings, net assets, or gearing for the current financial year, as the transaction, if completed, would fall under a future financial period.

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The company’s board views the acquisition as part of a broader diversification strategy, building on its recent entry into the food and beverage sector.

In a statement, Ni Hsin principal officer Khoo Chee Kong noted the poultry industry’s resilience and importance to the national food supply, driven by consistently strong demand for chicken and eggs.

It added that it will provide further updates as the proposed acquisition progresses.

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