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

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 6 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 3 February 2021 in relation to the Company’s regularisation plan:

1.     The extension of time to submit its regularisation plan until 27 August 2021 which was announced on 18 February 2021; and

2.     The Proposed Private Placement of up to 70,885,600 new ordinary shares in BHB which was announced on 24 February 2020.

This announcement is dated 1 March 2021.

PROPOSED PRIVATE PLACEMENT

On behalf of the Board of Directors of BHB, TA Securities wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted today.

This announcement is dated 25 February 2021.

BRAHIM’S HOLDINGS BERHAD

Type

Announcement

Subject

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

Description

BRAHIMS HOLDINGS BERHAD (“BHB” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT

On behalf of the Board of Directors of BHB (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 70,885,600 new ordinary shares in BHB (“Placement Shares”), representing 30% of the total number of issued shares of the Company (“Shares”) to the following parties:-

(i)         Dato’ Seri Ibrahim Bin Haji Ahmad, the Executive Chairman and a major shareholder of the Company, of up to 17,720,000 Placement Shares, representing approximately 7.50% of the total number of issued Shares; and

(ii)         independent third-party investor(s) to be identified later, of up to 53,165,600 Placement Shares, representing approximately 22.50% of the total number of issued Shares,

at an issue price to be determined later (“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the attachments below.

This announcement is dated 24 February 2021.

EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) AND PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

The Board of Directors of the Company wishes to announce that Bursa Securities had vide its letter dated 17 February 2021, decided to grant the Company an extension of time until 27 August 2021 for the Company to submit a Regularisation Plan to the relevant authorities.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of BHB and to de-list the Company in the event:

(i) the Company fails to submit a regularisation plan to the regulatory authorities on or before 27 August 2021;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the abovementioned events, Bursa Securities shall suspend the trading of the listed securities of BHB on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 18 February 2021.

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

As previously announced on 1 September 2020, BHB’s core business has been severely impacted by the Covid-19 pandemic and slowdown in the passenger aviation industry.  As the situation has yet to improve, BHB will need time for its business to recover and stabilise before being able to formulate and execute a regularisation plan. On 13 January 2020, the Company submitted an application to Bursa Securities for an extension of time to submit its regularisation plan which was originally due to be submitted not later than 27 February 2021 (“EOT Application”).  The EOT Application is now pending Bursa Securities’ decision and an announcement will be released upon receipt of the same.

This announcement is dated 3 February 2021.

APPLICATION FOR EXTENSION OF TIME TO SUBMIT THE PROPOSED REGULARISATION PLAN

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

This announcement is dated 13 January 2021.

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

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 2021) to submit its regularisation plan. There were no other major developments subsequent to the previous monthly announcement announced on 1 December 2020 in relation to the Company’s regularisation plan.

This announcement is dated 4 January 2021.

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

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 3 months (until 27 February 2021) to submit its regularisation plan.

Save for the Heads of Agreements entered into between Brahim SATS Food Services Sdn Bhd, a wholly-owned subsidiary of the Company, and Focus Dynamics Centre Sdn Bhd, a wholly-owned subsidiary of Focus Dynamics Group Berhad, which was announced on 11 November 2020, there were no other major developments subsequent to the previous monthly announcement on 2 November 2020 in relation to the Company’s regularisation plan.

This announcement is dated 1 December 2020.

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Sep 2020

30 Sep 2019

30 Sep 2020

30 Sep 2019

$$’000

$$’000

$$’000

$$’000

1

Revenue

8,484

80,498

74,530

224,797

2

Profit/(loss) before tax

-46,472

3,226

-82,725

-138

3

Profit/(loss) for the period

-46,521

2,481

-82,895

-1,156

4

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

-17,792

1,804

-32,675

-1,607

5

Basic earnings/(loss) per share (Subunit)

-6.63

0.67

-12.18

-0.60

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 ($$)

-0.0500

0.0800

Country

Base Unit

Subunit

Malaysia

Ringgit

Sen

United States

Dollar

Cent

United Kingdom

Pound

Pence