|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3
BRAHIM'S HOLDINGS BERHAD ("BHB" OR THE COMPANY") MONTHLY ANNOUNCEMENT PURSUANT TO PN17 OF THE LISTING REQUIREMENTS
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 Securities (“Listing Requirements”).
The Board of Directors of the Company wishes to inform that the Company is still in the midst of formulating its regularisation plan. Towards this, the Board of Directors have appointed Thinkat Advisory Sdn Bhd as Financial Adviser, David Lai & Tan as solicitors and Vaersa Advisory Sdn Bhd to review the Company’s risk management and internal control systems.
Save for the above, there were no other major developments subsequent to the previous monthly announcement announced on 1 November 2019 in relation to the Company’s regularisation plan. The Company has until 27 February 2020 to submit its regularisation plan to the relevant authorities for approval.
This announcement is dated 2 December 2019.