NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BRAHIM’S HOLDINGS BERHAD (“BRAHIM’S” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 23,628,550 NEW ORDINARY SHARES IN BRAHIM’S, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BRAHIM’S (“PRIVATE PLACEMENT”)

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionBRAHIM’S HOLDINGS BERHAD (“BRAHIM’S” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 23,628,550 NEW ORDINARY SHARES IN BRAHIM’S, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BRAHIM’S (“PRIVATE PLACEMENT”)
Reference is made to the Company’s announcements dated 21 February 2018, 23 February 2018, 3 May 2018, 17 October 2018 and 24 October 2018 in relation to the Private Placement. Unless otherwise stated, words and phrases used in this announcement shall have the same meaning as defined in the announcement dated 21 February 2018. On behalf of the Board, HLIB wishes to announce that the Company, after considering the current market conditions including, amongst others, the deteriorating current market price of Brahim’s Shares as well as the Company being classified as a Practice Note 17 status company, has decided to abort the Private Placement. The Company will explore alternative method of fund raising to meet its funding requirement and regularisation plan. This announcement is dated 30 April 2019.