Posted by Harry > 2022-04-15 11:03 | Report Abuse

Once you are pn 17, you got 12 months to submit regularisation plan, failure to do so means delisted.
Bursa do not suspend out of no where

Posted by 8899EL8899 > 2022-04-15 11:25 | Report Abuse

brahim can`t make money because they are renting business premises from major shareholder,......pay high rental

Posted by CUTLOST > 2022-04-15 12:17 | Report Abuse

So many company got potential in Bursa for Pn17 and delist soon..stock now dh mcm Scammer..

Posted by 8899EL8899 > 2022-04-15 12:39 | Report Abuse

brahim is paying high franchise fee to major shareholder as well,......how to be profitable

Posted by 8899EL8899 > 2022-04-16 10:04 | Report Abuse

unbelievable,.....brahim can end up 1cent,......compare to it glory day of few ringgit per share

Posted by 8899EL8899 > 2022-04-16 12:05 | Report Abuse

nobody talk about this brahim anymore,........look like minority shareholders fully disposed off,......who is the buyer at dirt cheap price?

Posted by 8899EL8899 > 2022-04-16 21:17 | Report Abuse

very quiet,.......like nobody land,......all get their hand burn,......say bye-bye already,.......

Posted by 8899EL8899 > 2022-04-16 21:25 | Report Abuse

ibrahim is very lonely man now,.......what he want to do with brahim,........inject industrial properties or inject franchise business into brahim,......

Posted by 8899EL8899 > 2022-04-17 14:09 | Report Abuse

jangan takut,......selagi abang ibrahim talak jual,......brahim kuat-kuat lagi

Posted by bjgdila123 > 2022-04-17 15:13 | Report Abuse

bangkrup lah jadinyz

Posted by 8899EL8899 > 2022-04-17 16:01 | Report Abuse

49% brahim business control by sats singapore, temasek control company remain strong at S4dollar per share,......unlikely brahim going broke

Posted by 8899EL8899 > 2022-04-18 07:59 | Report Abuse

how the problem started,........16 years ago, tamadam acquired brahim for rm130mil.,......for just the licence to do catering business at klia & penang airport,.......the goodwill was rm180mil,.......brahim don`t have any asset & net bank borrowing more than rm30mil.,.......franshise licence was by others,............few years later,........ tabung haji acquired the company for more than rm1.5 per share

Posted by chinaman > 2022-04-18 13:44 | Report Abuse

Tukar boss baru, boleh?

Posted by VTrade > 2022-04-18 13:45 | Report Abuse

Why we fly we need food on table

Posted by 8899EL8899 > 2022-04-18 15:01 | Report Abuse

somebody have parked lease liability amount to rm160mil. on brahim,.......look at short term bank borrowing increase from rm80mil. to rm240mil. (last quarter account)

Posted by 8899EL8899 > 2022-04-18 15:28 | Report Abuse

i wonder this rm160mil. debt( bank borrowing) really belong to brahim?

Posted by 8899EL8899 > 2022-04-18 15:30 | Report Abuse

or brahim are guarantor to somebody debt,.......

Posted by DickyMe > 2022-04-18 15:34 |

Post removed.Why?

Posted by chinaman > 2022-04-19 10:20 | Report Abuse

Instead of suspending the stock- Bullshit should improvise the law by suspending all directors instead once the co. reach PN17. How can bullshit penalise ikan bilis when all control self inflicted by directors?

Posted by chinaman > 2022-04-19 10:22 | Report Abuse

why directors still enjoy perk, benefit when company under your lousy care at doldrum? This is unfair to all hard earned ikan bilis who eat magee mee to support shares market.

Posted by chinaman > 2022-04-19 10:45 | Report Abuse

Not everyone allowed to play IDSS, or RSS except certain brokers. This is another jungle law set up by bullshit at the expense of ikan bilis.

Posted by 8899EL8899 > 2022-04-19 11:31 | Report Abuse

major shareholders didn`t selling brahim,........it is very interesting to see if you buy at 1cent per share,........loss everything or 10 times profit,.........

Posted by CUTLOST > 2022-04-20 10:37 | Report Abuse

Bizness run as ussual, but with different name of the company, very smart guys in corporate world

Posted by Ppmaster > 2022-04-20 11:21 | Report Abuse

Finish story, you have to know last time how this company make money, nasi lemak cost RM 3 each sell to MAS airfly RM 40 each, now is no this way to make money than die lor, simple and easy to understand.

Posted by 8899EL8899 > 2022-04-20 13:29 | Report Abuse

high franchise fee, high rental cost are the reason brahim not making money,......only ibrahim making money,.......

Posted by 8899EL8899 > 2022-04-20 13:42 | Report Abuse

minority shareholders losing big in brahim,......sold all their shares for few cents,........somebody is making big profit right here,........too sad!

Posted by imvu > 2022-04-21 12:53 | Report Abuse

sudah 21/4 jadi tak jadi nak delisted

Posted by MoneyChanger > 2022-04-22 09:02 | Report Abuse

still got hope?

Posted by 8899EL8899 > 2022-04-22 09:20 | Report Abuse

brahim is tabung haji company,.......indirectly government control company,.......for sure they will never delist it,.......same to th heavy

Posted by DannyArcher > 2022-04-22 11:03 | Report Abuse

never delist? that's what they say about MAS too.

Posted by Suriyan > 2022-04-22 12:33 | Report Abuse

The worst counter

Posted by Superup96 > 2022-04-22 12:40 | Report Abuse

Fortunately they were cut lose before suspended

Posted by 8899EL8899 > 2022-04-22 12:46 | Report Abuse

if they delist brahim,.......tabung haji tak dapat pahala,.......

Posted by Armanhashim > 2022-04-22 13:02 | Report Abuse

run now ..dont look back

Posted by magellan > 2022-04-22 16:43 | Report Abuse

In stk mkt trading or investing,
you win some & lose some.
After reviewing & reflecting,
time to realign, rebalance & recover.

A stk worth consideration is Genting Bhd.

Operations in
Msia,
Spore,
UK with o v e r 40 o u t l e t s
Egypt,
Philippines
several locations in U S A
& is still GROWING & EXPANDING.

Involved in other industries;
oil & gas,
plantations,
biotech/biomed, etc.

Do your own due diligence.
Your money, your decision.

Posted by Suriyan > 2022-04-22 17:00 | Report Abuse

How I wish I had put this money in Genting Bhd

Posted by vcinvestor > 2022-04-22 17:20 | Report Abuse

@8899EL8899 https://www.klsescreener.com/v2/announcements/view/3537457 oofffffffff

Posted by 8899EL8899 > 2022-04-22 19:48 | Report Abuse

shocking news,......tabung haji left,......brahim very lonely now

Posted by Superup96 > 2022-04-22 22:55 | Report Abuse

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).

Sponsored Content

Setia Eco Glades Adds fantasy-themed development to its stable
Setia Eco Glades in Cyberjaya has come a long way since it was launched in 2012. It has turned out to be the award-winning, eco-centric township that developer S P Setia Bhd had planned.

READ MORE
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
Subscribe to Mid-day email alert
We deliver news to your inbox daily
Email Address
Click here to read moreSPECIAL COVERAGE
Affin Hwang wins group award and two fund awards
AmanahRaya has a smashing year
AmFunds navigates challenging bond market to win group award
Areca wins Best Equity Malaysia awards five years in a row
HLAM wins big with 15 fund awards and a group award
Kenanga Investors wins multiple awards
Manulife Investment Management bags an award
PMB Investment wins award by seeking out undervalued stocks
Principal Asset Management wins four awards in regional categories
Public Mutual defends top position with 32 awards
UOB Asset Management takes home three awards
FEATURED VIDEOS


22 Apr 2022 | 10:25pmFeatured, Evening 5
EVENING 5: Vegetable, chicken price spikes feed food inflation

22 Apr 2022 | 07:57pmTalking Edge, Featured
OVERHEARD WITH… Datuk Dr Colin Lee

22 Apr 2022 | 06:30amMorning Call, Featured
MORNING CALL: 22/4/22

21 Apr 2022 | 09:00pmEvening 5, Featured
EVENING 5: PAC: Govt 'confused' over who appointed MySejahtera vendor

21 Apr 2022 | 06:30amMorning Call, Featured
MORNING CALL: 21/4/22

20 Apr 2022 | 09:43pmEvening 5, Featured
EVENING 5: MACC issues freeze order on Caely’s bank accounts

20 Apr 2022 | 03:25pmNews, Featured
NEWS: FAS, YTLC collaborate on 5G smart ambulance

20 Apr 2022 | 06:30amMorning Call, Featured
MORNING CALL: 20/4/22

18 Apr 2022 | 08:43pmEvening 5, Featured
EVENING 5: Caely “not aware of wrongdoing” after freeze order on bank...

18 Apr 2022 | 03:08pmBehind the Story, Featured
EDGE WEEKLY: Petronas seeks to clear the air


MOST READ
MOST WATCHED
1Maybank lists selected ATMs offering quality RM10, RM50 banknotes for Hari Raya Aidilfitri
2Malaysian ringgit skids past 4.32 against US dollar, lowest since May 2020
3Serba Dinamik questions SC’s motive to press charges, alleges SC threatened staff
4MAHB, Serba Dinamik, Boustead, Tomei, E

Posted by my101home > 2022-04-22 22:57 | Report Abuse

This is not shocked. Institution will run as fast as they could when the company has serious problem. Tabung Haji was just too slow to react, mirroring their investment performance

Posted by 8899EL8899 > 2022-04-23 08:25 | Report Abuse

brahim now with three musketeers,........ibrahim, focus, choo,.......don`t know they have enough strength to save the company,.......combine stake about 40%,.......look like tabung haji not interested in saving the company,........ i wonder who are the new buyers,.........such a big volume transacted,.........about 60% of brahim shares

Posted by Suriyan > 2022-04-24 22:19 | Report Abuse

I’m not knowledgeable with shares. I bought Brahims at high price 0.91. Bought 100 thousand lots. What do I do now. Is it burnt? Any kind sole please enlighten me on this

Posted by Suriyan > 2022-04-24 22:19 | Report Abuse

Soul

Posted by 8899EL8899 > 2022-04-25 08:22 | Report Abuse

suriyan,.....only the big shots know,........just pray for good thing to happen,.....

Posted by Suriyan > 2022-04-25 09:39 | Report Abuse

Thank you so much

Posted by 8899EL8899 > 2022-04-25 10:16 | Report Abuse

brahim without tabung haji is better,.......don`t need to wait for government bureaucratic decision ,.......restructuring can move faster,........

Posted by CITADEL > 2022-04-25 10:38 | Report Abuse

hahaha syok sendiri

Posted by 8899EL8899 > 2022-04-25 11:26 | Report Abuse

citadel,.....wait & see , you will know,......

Posted by Suriyan > 2022-04-25 12:18 | Report Abuse

No choice I’ll wait, thank you for the info

Posted by CUTLOST > 2022-04-25 12:37 | Report Abuse

Bye bye..burning the money