PRACTICE NOTE 17 / GUIDANCE NOTE 3 : SUSPENSION AND/OR DELISTING

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
SUSPENSION AND/OR DELISTING
Description
BRAHIM'S HOLDINGS BERHAD ("BHB" OR THE COMPANY")

APPEAL ON DE-LISTING OF BHB

Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the announcement dated 14 April 2022.

We refer to our announcement made on 14 April 2022 in relation to the Appeal submitted to Bursa Malaysia Securities Berhad (“Bursa Securities”).

After due consideration of all facts and circumstances of the Appeal, Bursa Securities has decided to:

(a) dismiss the Company’s Appeal for an extension of time to submit its regularisation plan to the relevant authorities for approval; and

(b) de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements.

In the circumstances, the securities of the company shall be removed from the Official List of Bursa Securities on Friday, 3 June 2022.

This announcement is dated 1 June 2022.

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2022

Financial Year End 31 Dec 2022
Quarter 1 Qtr
Quarterly report for the financial period ended 31 Mar 2022
The figures have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2022

 

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31 Mar 2022

31 Mar 2021

31 Mar 2022

31 Mar 2021

       

$$’000

$$’000

$$’000

$$’000

1

Revenue

16,193

7,148

16,193

7,148

2

Profit/(loss) before tax

-10,237

-16,229

-10,237

-16,229

3

Profit/(loss) for the period

-10,304

-16,229

-10,304

-16,229

4

Profit/(loss) attributable to ordinary equity holders of the parent

-4,846

-6,922

-4,846

-6,922

5

Basic earnings/(loss) per share (Subunit)

-1.73

-2.58

-1.73

-2.58

6

Proposed/Declared dividend per share (Subunit)

0.00

0.00

0.00

0.00

   

AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7

Net assets per share attributable to ordinary equity holders of the parent ($$)

-0.3300

 

 

De-Listing of Brahim’s Holdings Berhad

Bursa Malaysia Securities Berhad (Bursa Malaysia) has dismissed Brahim’s Holdings Berhad (BRAHIMS) appeal for an extension of time to submit the regualrisation plan to the relevant authorities for approval and decided to de-list the company pursuant to paragraph 8.04 of the Bursa Securities Main Market Listing Requirements.

In the circumstances, the securities of the company shall be removed from the Official LIst of Bursa Securities on Friday, 3 June 2022.

Effect of De-Lisintg from the Official List of Bursa Securities

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (Bursa Depository), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the company who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of the company, the company will continue to exist but as an unlisted entity. The company is still able to continue its operations and businesses and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance. However, the shareholders will be holdings shares which are no longer quoted and traded on Bursa Securities.

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
BRAHIM'S HOLDINGS BERHAD ("BHB" OR THE COMPANY")

MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Board of Directors of the Company wishes to inform that the Company had on 14 April 2022, submitted an appeal to Bursa Securities against the commencement of de-listing procedures on the securities of the Company. Any further material development on the appeal and the decision of Bursa Securities on the appeal will be announced by the Company accordingly.

This announcement is dated 5 May 2022.