| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | BRAHIM’S HOLDINGS BERHAD (“BHB” OR THE “COMPANY”)
DISPOSAL OF 49% EQUITY INTEREST IN BRAHIM’S AIRLINE CATERING HOLDINGS SDN BHD (“BACH”) FOR AN AGGREGATE CASH DISPOSAL CONSIDERATION OF UP TO RM218 MILLION (“DISPOSAL”) |
| Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the circular to shareholders in relation to the Disposal dated 31 December 2015 (“Circular”).
Reference is made to the announcements dated 22 October 2015, 27 October 2015, 18 December 2015, 30 December 2015, 15 January 2016, 5 February 2016 and the Circular.
On behalf of the Board, Affin Hwang IB and HLIB wish to announce that BHB and the Purchaser appointed OCBC Bank (Malaysia) Berhad (“OCBC”) on 2 March 2016 as the Escrow Agent, which shall hold the Base Earn-out Consideration in trust for the duration as set out in Section 2.2 of this announcement. Accordingly, BHB, the Purchaser and OCBC have entered into the escrow agreement dated 2 March 2016 (“Escrow Agreement”) for the purpose of dealing with the Base Earn-out Consideration deposited into the escrow account.
Please refer to the attachment for further information.
This announcement is dated 3 March 2016. |
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Please refer attachment below.