WINDING UP OF SUBSIDIARY OF BRAHIM’S HOLDINGS BERHAD

BRAHIM’S HOLDINGS BERHAD

 

Type Reply to query
Reply to Bursa Malaysia’s Query Letter – Reference ID CY-131122-43466
Subject Winding-Up of Subsidiary of Brahim’s Holdings Berhad
Description Reference is made to our announcement dated 21 November 2013 and the query letter from Bursa Securities dated 22 November 2013 in respect of the above matter. Pursuant thereto, the Board on the behalf of BHB, hereby provide the additional information as requested by Bursa Securities as per attached file.
Query Letter Contents We refer to Brahims’ announcement dated 21 November 2013 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
The date of the presentation of the winding-up petition and winding-up order
respectively.
The date when the writ of summon, winding-up petition and winding-up order were
respectively served on Admuda.
The details of the default or circumstances leading to the filing of the writ
of summons, winding-up petition, winding-up order and appointment of receivers
over Admuda.
The financial and operational impact of the winding-up order and appointment of
receivers over Admuda, on Brahims Group, including:
impact on the net assets, earnings per share etc.
impact on the Group’s long term growth plans as stated in the rationale for
acquiring Admuda in 2012 and the related fund-raising exercise.
The expected losses to Brahims, if any, arising from the winding-up order and
appointment of receivers over Admuda.
The net assets of Admuda based on the latest audited financial statements.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully

SUZALINA HARUN
Head, Issuers
Listing Division
Regulation

/WCY

Copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)