|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3
|Description||BRAHIM’S HOLDINGS BERHAD (“BHB” OR THE COMPANY”)
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
|We refer to the Company’s announcement dated 13 January 2021 in relation to the submission of an application for an 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 (“Bursa Securities”).
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.