We refer to the default in payment announcement dated 22 April 2021 (“Default in Payment Announcement”) and the subsequent monthly announcements in relation to BHB’s default in payment in its banking facilities. Unless otherwise defined, the terms herein shall bear the same meaning as defined in the Default in Payment Announcement.

The Board of Directors of the Company (“Board”) wishes to inform that the Company had received a letter of demand from Shook Lin & Bok, the appointed solicitor for OCBC Al-Amin Bank Berhad (“OCBC”), dated 16 March 2022. OCBC’s claim against BHB via the letter of demand are as follows:-

1. The outstanding rental sum of RM62,033,341.64 as at 28 February 2022 and RM75.00; and
2. BHB is given 7 (seven) days from the date hereon, to settle the said payment, failing which OCBC shall have no option but be compelled to declare and demand that the secured amount to be immediately due and payable.

Save as disclosed above, there are no material developments on the status of default in payment at the date of this announcement.

This announcement is dated 18 March 2022.

We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

The Board of Directors of the Company (“Board”) wishes to inform that the Company is still in the midst of formulating its regularisation plan, which was due to be submitted to Bursa Securities not later than 27 February 2022. On 25 February 2022, the Company submitted an application to Bursa Securities for a further extension of time to submit its regularisation plan to comply with Paragraph 8.04(3) and PN 17 of the Listing Requirements (“EOT Application”). The EOT Application is pending Bursa Securities’ decision and an announcement will be released upon receipt of the same.

This announcement is dated 1 March 2022.

We refer to the Company’s announcement dated 28 February 2019 (“First Announcement”) in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”). We also refer to the Company’s announcement dated 23 September 2021 where Bursa Securities had granted the Company an extension of time up to 27 February 2022 to submit its regularisation plan to the relevant authorities.

Further to the above, the Company wishes to announce that an application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements, has been submitted to Bursa Securities on even date.

This announcement is dated 25 February 2022.

We refer to the previous monthly announcements in relation to BHB’s default in payment in its banking facilities.

The Board of Directors of the Company (“Board”) wishes to inform there are no material developments on the status of default in payment at the date of this announcement.

This announcement is dated 3 February 2022.

We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Board of Directors of the Company (“Board”) wishes to inform that the Company is still in the midst of formulating its regularisation plan and has approximately 1 month (until 27 February 2022) to submit its regularisation plan. It is unlikely that the Company will be able to finalise and submit its regularisation plan within this timeframe and as such intends to seek for an extension of time from Bursa Securities.

This announcement is dated 3 February 2022.

We refer to the previous monthly announcements in relation to BHB’s default in payment in its banking facilities.

The Board of Directors of the Company (“Board”) wishes to inform there are no material developments on the status of default in payment at the date of this announcement.

This announcement is dated 3 January 2022.

We refer to the previous monthly announcements in relation to the Company being classified as an affected listed issuer pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

The Board of Directors of the Company (“Board”) wishes to inform that the Company is still in the midst of formulating its regularisation plan and has approximately 2 months (until 27 February 2022) to submit its regularisation plan. There were no other major developments subsequent to the previous monthly announcement dated 1 December 2021 in relation to the Company’s regularisation plan.

This announcement is dated 3 January 2022.