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3,854 comment(s). Last comment by SpicyMcDeluxe at Sep 3, 2021 12:03 PM
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2587 posts

Posted by chinaman > Jul 28, 2021 12:26 PM | Report Abuse

KUALA LUMPUR (July 27): Loss-making in-flight catering services provider Brahim's Holdings Bhd has engaged MHC Trading (M) Sdn Bhd to manage and operate its wholly-owned subsidiary Tamadam Industries Sdn Bhd's business in warehouse rental, bonded warehousing, freight forwarding and transportation services for a period of up to three years.
This follows a proposal received from MHC, which is involved in retail sale of food products, to help turn around and grow the business of Tamadam.
"The proposed outsourcing will allow for a business turnaround of Tamadam, which is presently operating below its optimal level. More importantly, the proposed outsourcing will provide Brahim's with a solution to its outstanding loan position with OCBC Al-Amin Bank Bhd, for which it does not have the financial capacity to service at this juncture," said Brahim's in a bourse filing today.
Tamadam today entered into an agreement with MHC for the proposed outsourcing. Under the deal, MHC will be fully responsible for all investments required by Tamadam including plans for expansion and revamp. In return, a management fee of RM50,000 will be remunerated on a monthly basis from the day of signing until expiry or termination of the agreement to be paid to MHC.
"Profits generated from Tamadam will initially be used for the repayment of Brahim's overdue loan with OCBC amounting to RM75 million based on the stipulated repayment schedule within three years, and subsequently to be divided between MHC and Brahim's on a 60:40 basis," said

2587 posts

Posted by chinaman > Aug 14, 2021 1:53 PM | Report Abuse

Pak Lah is the only PM which deserves my full respect who leave gracefully knowing his time is over., despite of his like to zzzzzzz history

823 posts

Posted by ruhaizat69 > Sep 2, 2021 10:54 AM | Report Abuse

Ini kalilah Brahim to the moon

777 posts

Posted by SpicyMcDeluxe > Sep 3, 2021 12:03 PM | Report Abuse


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