TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS BRAHIM’S HOLDINGS BERHAD (“BHB” OR “COMPANY”) ACQUISITION OF 49% EQUITY INTEREST IN BRAHIM’S-LSG SKY CHEFS HOLDINGS SDN BHD (“BLH”) FOR A CASH CONSIDERATION OF RM130,000,000 (“BLH ACQUISITION”)

BRAHIM’S HOLDINGS BERHAD

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description BRAHIM’S HOLDINGS BERHAD (“BHB” OR “COMPANY”)

ACQUISITION OF 49% EQUITY INTEREST IN BRAHIM’S-LSG SKY CHEFS HOLDINGS SDN BHD (“BLH”) FOR A CASH CONSIDERATION OF RM130,000,000 (“BLH ACQUISITION”)

We refer to the announcements made by HwangDBS Investment Bank Berhad (“HwangDBS”) on behalf of the Board of Directors of BHB (“Board”) in relation to the BLH Acquisition. Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the announcement dated 21May 2012.

On behalf of the Board, HwangDBS is pleased to announce that BHB has satisfied the payment of the Balance Consideration and Interco Amount for the BLH Acquisition on 7 January 2013.

Pursuant thereto, the parties have proceeded to complete the SSA in accordance with the terms set out in the SSA and the BLH Acquisition is completed on 7 January 2013. LSGB and LSG HK have on the same date entered into the Technical Assistance Agreement pursuant to the terms of the SSA on completion.

The salient terms of the Technical Assistance Agreement are set out in Section 2.6 of the circular to shareholders in relation to the BLH Acquisition dated 30 July 2012. The Technical Assistance Agreement is available for inspection during normal office hours (except for public holidays) at the registered office of BHB at 10th Floor, Menara Hap Seng, No. 1 & 3, Jalan P. Ramlee, 50250Kuala Lumpur for a period of 3 months from the date of this announcement.

This announcement is dated 7 January 2013.