Quarterly rpt on consolidated results for the financial period ended 31 Mar 2021

Posted on June 1, 2021 by admin

Financial Year End	31 Dec 2021
Quarter	1 Qtr
Quarterly report for the financial period ended	31 Mar 2021
The figures	have not been audited

Bursa BHB Q1 2021 Download

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2021	31 Mar 2020	31 Mar 2021	31 Mar 2020

		$$’000	$$’000	$$’000	$$’000
1	Revenue	7,148	57,984	7,148	57,984
2	Profit/(loss) before tax	-16,229	-10,983	-16,229	-10,983
3	Profit/(loss) for the period	-16,229	-11,053	-16,229	-11,053
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,922	-11,463	-6,922	-11,463
5	Basic earnings/(loss) per share (Subunit)	-2.58	-4.27	-2.58	-4.27
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 ($$)	-0.3500		-0.3200

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

GENERAL MEETINGS: Notice of Meeting

Posted on May 28, 2021 by admin

Type of Meeting	General
Indicator	Notice of Meeting
Description	Notice of 39th Annual General Meeting of Brahim’s Holdings Berhad
Date of Meeting	30 Jun 2021
Time	03:00 PM

Venue(s)

Fully virtual meeting at the broadcast venue at

Brahim’s Holdings Berhad, 7-05, 7th Floor,

Menara Hap Seng, Jalan P. Ramlee

50250 Kuala Lumpur

Malaysia

Date of General Meeting Record of Depositors

23 Jun 2021

Resolutions

1. For Information
Description	To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2020 together with the Reports of the Directors and Auditors thereon.
Shareholder’s Action	For Information Only

2. Ordinary Resolution 1
Description	To approve the payment of Directors’ Fees amounting to RM320,827.00 for the financial year ended 31 December 2020.
Shareholder’s Action	For Voting

3. Ordinary Resolution 2
Description	To approve the payment of Directors’ Remuneration (excluding Directors Fee) payable to the Board an amount of RM50,000.00 for the period from 1 July 2021 until the next Annual General Meeting.
Shareholder’s Action	For Voting

4. Ordinary Resolution 3
Description	To re-elect Professor Dr. Jinap Binti Salamet, who retire in accordance with Clause 95 of the Company’s Constitution.
Shareholder’s Action	For Voting

5. Ordinary Resolution 4
Description	To re-elect Tay Beng Seng, Benson, who is retiring as Director in accordance with the Clause 101 of the Company’s Constitution.
Shareholder’s Action	For Voting

6. Ordinary Resolution 5
Description	To re-elect Mejar Dato’ Ismail Bin Ahmad, who is retiring as Director in accordance with the Clause 101 of the Company’s Constitution.
Shareholder’s Action	For Voting

7. Ordinary Resolution 6
Description	To re-appoint Messrs. Baker Tilly Monteiro Heng PLT (AF 0117) as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action	For Voting

8. Ordinary Resolution 7
Description	To approve the authority to issue shares.
Shareholder’s Action	For Voting

Please refer attachment below.

BHB_ Notice 39th AGM Download

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

Posted on May 5, 2021 by admin

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 (“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 4 months (until 27 August 2021) to submit its regularisation plan. Save as disclosed below, there were no other major developments subsequent to the previous monthly announcement dated 1 April 2021 in relation to the Company’s regularisation plan: (i) Approval of the shareholders of BHB for the proposed private placement of up to 70,885,600 new ordinary shares in the Company, at the extraordinary general meeting convened on 21 April 2021; and (ii) Announcement on 22 April 2021 of the receipt of a letter of demand claiming for a total sum of RM49,880,001.41 by OCBC Al-Amin Bank Berhad. The Board was unable to provide a statement as to whether the Company is solvent as required under Appendix 9(A) Part H(A) of the Listing Requirements. In view of the foregoing, the Company has further triggered the prescribed criteria under Paragraph 2.1(f) of PN17 of the Listing Requirements. This announcement is dated 3 May 2021.

OTHERS BRAHIM’S HOLDINGS BERHAD (“BHB” OR THE COMPANY”) MONTHLY ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Posted on May 5, 2021 by admin

Type	Announcement
Subject	OTHERS
Description	BRAHIM'S HOLDINGS BERHAD ("BHB" OR THE COMPANY") MONTHLY ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
We refer to the default in payment announcement dated 22 April 2021 (“Default in Payment Announcement”). 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 there are no material developments on the status of default in payment at the date of this announcement. This announcement is dated 3 May 2021.

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

Posted on April 23, 2021 by admin

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 OTHERS
Description	BRAHIM’S HOLDINGS BERHAD (“BHB” OR “THE COMPANY”) – BHB TRIGGERED THE PRESCRIBED CRITERIA PURSUANT TO PARAGRAPH 2.1(F) OF THE PRACTICE NOTE 17 (“PN17”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“LISTING REQUIREMENTS”) (“BURSA SECURITIES”)
Reference is made to the earlier announcement dated 28 February 2019 as BHB had triggered the prescribed criteria pursuant to Paragraphs 2.1(a) of PN17 of the Listing Requirements (“First Announcement”), latest monthly announcement made on 1 April 2021 (“Monthly Announcement”) and the default in payment announcement made on 22 April 2021 (“Default in Payment Announcement”). Unless otherwise defined, the terms herein shall bear the same meaning as defined in the First Announcement, Monthly Announcement and Default in Payment Announcement. BHB had on 22 April 2021, announced that the Company has defaulted in repaying overdue rental sum of RM49,880,001.41 as at 1 April 2021 as requested by the OCBC Al-Amin Bank Berhad (“OCBC”) under an Ijarah Muntahiah Bi Al-Tamlik Term-Financing-i granted by OCBC to BHB. After further reasonable inquiry into the affairs of the Company by the Board of Directors (“the Board”), the Board is of the opinion that the Company is unable to provide to Bursa Securities a solvency declaration as required under Paragraph 9.19A(4) of the Listing Requirements. Pursuant to the above, we wish to announce that the Company has further triggered the prescribed criteria under Paragraph 2.1(f) of PN17 of the Listing Requirements on 22 April 2021. The Board wishes to inform that the Company is still in the midst of formulating its regularisation plan and has approximately 5 months (until 27 August 2021) to submit its regularisation plan. This announcement is dated 22 April 2021.

OTHERS DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (DEFAULT IN PAYMENT TO OCBC AL-AMIN BANK BERHAD)

Posted on April 23, 2021 by admin

Type	Announcement
Subject	OTHERS
Description	DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (DEFAULT IN PAYMENT TO OCBC AL-AMIN BANK BERHAD)
The Board of Directors of Brahim’s Holding Berhad (“BHB” or “the Company”) wishes to announce that the Company is not able to fully settle the overdue rental sum of RM49,880,001.41 as at 1 April 2021 as requested by the OCBC Al-Amin Bank Berhad (“OCBC”) under an Ijarah Muntahiah Bi Al-Tamlik Term-Financing-i granted by OCBC to BHB. Please refer to the attachment below for further details on the default in payment.

Please refer attachment below.

Announcement Details Download

GENERAL MEETINGS: Outcome of Meeting

Posted on April 21, 2021 by admin

Type of Meeting	Extraordinary
Indicator	Outcome of Meeting
Date of Meeting	21 Apr 2021
Time	10:30 AM

Venue(s)

Fully virtual meeting at the broadcast venue at

Brahim’s Holdings Berhad, 7-05, 7th Floor,

Menara Hap Seng, Jalan P. Ramlee,

50250 Kuala Lumpur

Malaysia

Outcome of Meeting

The Board of Directors of Brahim’s Holdings Berhad (“the Company” or “BHB”) is pleased to announce that the resolution as set out in the Notice of Extraordinary General Meeting (“EGM”) of the Company dated 6 April 2021 was duly passed by way of a poll at the EGM of the Company held on Wednesday, 21 April 2021 at 10:30 a.m.

The results of the poll which were validated by Sky Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company, as set out below:-

Voting Results

1. ORDINARY RESOLUTION 1
Description	PROPOSED PRIVATE PLACEMENT OF UP TO 70,885,600 NEW ORDINARY SHARES IN BRAHIM’S HOLDINGS BERHAD (“BHB”), REPRESENTING UP TO APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF BHB
Shareholder’s Action	For Voting
Voted	For	Against
No. of Shareholders	41	13
No. of Shares	98,147,426	21,146
% of Voted Shares	99.9785	0.0215
Result	Accepted

Change in Nomination Committee

Posted on April 14, 2021 by admin

Type of Board Committee	Nomination Committee
Date of change	13 Apr 2021
Salutation	MAJ (R)
Name	MEJAR DATO’ ISMAIL BIN AHMAD
Age	72
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Member of Nomination Committee
Directorate	Independent and Non Executive
Composition of Nomination Committee(Name and Directorate of members after change)	Chairman – Kamil Bin Dato’ Haji Abdul Rahman (Independent Non-Executive Director) Member – Dato’ Choo Kah Hoe (Non-Independent Non-Executive Director) Member – Mejar Dato’ Ismail Bin Ahmad (Independent Non-Executive Director)

Change in Audit Committee

Posted on April 14, 2021 by admin

Date of change	13 Apr 2021
Name	MAJ (R) MEJAR DATO’ ISMAIL BIN AHMAD
Age	72
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Member of Audit Committee
Directorate	Independent and Non Executive
Composition of Audit Committee (Name and Directorate of members after change)	Chairman - Kamil Bin Dato' Haji Abdul Rahman (Independent Non-Executive Director) Member - Dato' Choo Kah Hoe (Non-Independent Non-Executive Director) Member - Mejar Dato' Ismail Bin Ahmad (Independent Non-Executive Director)

Change in Nomination Committee

Posted on April 13, 2021 by admin

Type of Board Committee	Nomination Committee
Date of change	12 Apr 2021
Salutation	PROF DR
Name	JINAP BINTI SALAMET
Age	67
Gender	Female
Nationality	Malaysia
Type of change	Cessation Of Office
Designation	Member of Nomination Committee
Directorate	Non Independent and Non Executive
Composition of Nomination Committee(Name and Directorate of members after change)	Chairman - Kamil Bin Dato' Haji Abdul Rahman (Independent Non-Executive Director) Member - Dato' Choo Kah Hoe (Non-Independent Non-Executive Director)