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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

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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 the Company had received a letter from OCBC Al-Amin Bank Berhad dated 12 May 2021 granting indulgence to withhold legal action against the Company (“Indulgence Letter”). The Indulgence Letter sets out the terms and conditions to be satisfied by the Company until 1 November 2021.

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 1 June 2021.

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

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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 2021Download

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 by

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 AGMDownload

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

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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 by
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 by
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)

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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 DetailsDownload

GENERAL MEETINGS: Outcome of Meeting

Posted on by
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

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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)