KUALA LUMPUR: Brahim’s Holdings Bhd dove 5 sen or 43.5% to six.5 sen a share at Friday’s open on the again of stories that the inventory might be delisted by this month.
Buying and selling in Brahim’s securities can 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 Observe Observe 17 (PN17) firm additionally dangers being delisted on April 20 until an attraction towards the delisting is submitted to Bursa Securities on or earlier than April 14.
In an announcement, 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 record of Bursa Securities on April 20 can be deferred pending the choice on the corporate’s attraction.
“Nevertheless, 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 continues 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 web lack of RM12.48mil on income of RM33.54mil.