Brahim’s faces danger of delisting on April 20



KUALA LUMPUR: Buying and selling in Brahim’s Holdings Bhd securities will likely be suspended on April 15, as its attraction for an extension of time to submit its regularization plan has been rejected by Bursa Securities.

The follow Notice 17 (PN17) firm additionally dangers being delisted on April 20 except an attraction towards the delisting is submitted to Bursa Securities on or earlier than April 14.

In a press release, Bursa Securities mentioned any attraction submitted after the attraction timeframe won’t be thought of by Bursa Securities.

“Within the occasion, the corporate submits an attraction to Bursa Securities inside the attraction timeframe, the delisting of the securities of the corporate from the official listing of Bursa Securities on April 20 will likely be deferred pending the choice on the corporate’s attraction.

“Nonetheless, Bursa Securities shall proceed to droop the buying and selling of the corporate’s securities on April 15 regardless that the choice on the corporate’s attraction remains to be pending,” it mentioned.

Upon its delisting, the corporate will live on however as an unlisted entity.

For the monetary 12 months ended Dec 31, Brahim’s posted a internet lack of RM12.48mil on income of RM33.54mil.

The counter closed unchanged at 11.5 sen with 10.58 million shares traded.

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