Next target 0.08

Go Sapura will start the party soon

Collect more 0.045

Besok Sapura ikut jalan

Econpile come to wake up

Go Econbhd-Wa target price 0.11

GoGoGo

Time to goreng Econbhd-Wa

Construction GoGoGo

Econbhd will follow in the footsteps of AGES

Econbhd will follow in the footsteps of AGES

Come on econpile

Lai Liao Lai liao

GoGoGo econ wa

1sen better than burning

Bought 4sen, cut lose 1sen. Net cash company also die

Cut lose and don't look back

Gogogo Econpile

Barakah? Ikhmas? Seacera......

What is the next company to be delisted?

KUALA LUMPUR (April 22): Urusharta Jamaah Sdn Bhd (UJSB) has ceased to be a substantial shareholder in Practice Note 17 (PN17) company Brahim’s Holdings Bhd.

In a bourse filing, Brahim’s disclosed that UJSB had disposed of 44.55 million shares equivalent to a 19.28% stake in the loss-making in-flight caterer on April 8 — thus ceasing to be a substantial shareholder.

UJSB is an investment holding and asset management company wholly owned by the Minister of Finance Inc (MoF Inc).

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According to Brahim's 2020 annual report, UJSB was the largest shareholder of the group with a 19.28% stake.

UJSB had acquired the 44.55 million shares on Dec 28, 2018 after it was transferred by Lembaga Tabung Haji as a result of a restructuring exercise at the pilgrimage fund.

Notably, the disposal of the shares was made on the same day that Bursa Malaysia had rejected Brahim’s application for an extension of time to submit its regularisation plan, which resulted in a slump in the company’s share price.

On April 8, Brahim's announced that Bursa had rejected its application and that its share would be suspended and subsequently delisted. The company had previously stated its intention to appeal against the bourse’s decision to delist its shares.

However, Bursa proceeded to suspend the trading of the company’s securities starting April 15, even though the decision on the company’s appeal is still pending.

Brahim's was classified as a PN17 status listed issuer on Feb 28, 2019 after the level of its shareholders’ equity fell below the 25% threshold.

For the financial year ended Dec 31, 2021 (FY21), Brahim's narrowed its net loss to RM12.49 million from RM103.1 million in FY20. Revenue fell 59.29% to RM33.54 million from RM82.39 million in that period.

Brahim’s share was last traded at one sen on April 14, bringing it a market capitalisation of RM3.07 million.

Read also: Brahim's makes last ditch appeal to Bursa to put off delisting action

Brahim's plunges as much as 73.9% on rejection of extension to submit regularisation plan

Ahmad Naqib Idris
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Fortunately they were cut lose before suspended

Good luck to you. I've sold my existing shares, for the price now i don't think about subscribe anymore.

MZM, have you subscribe?

Maybe it's good for you, not to have subscriber. Looks on the price now. Haha

I'm sure I don't subscribe if the price below 0.065.Feeling every disappointment de for this Price easily to jump, hard to up

Do you guys subscribe? really undecided

Continue to be patient, believe that the price will be higher by end of the year. Its trend is similar to Dnex previously

Armada will be other one Dnex