BRAHIMS

0.220

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BRAHIMS HOLDINGS BERHAD ("BHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT

BRAHIM'S HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BRAHIMS HOLDINGS BERHAD ("BHB" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT

On behalf of the Board of Directors of BHB (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 70,885,600 new ordinary shares in BHB (“Placement Shares”), representing 30% of the total number of issued shares of the Company (“Shares”) to the following parties:-

 

(i)         Dato’ Seri Ibrahim Bin Haji Ahmad, the Executive Chairman and a major shareholder of the Company, of up to 17,720,000 Placement Shares, representing approximately 7.50% of the total number of issued Shares; and

 

(ii)         independent third-party investor(s) to be identified later, of up to 53,165,600 Placement Shares, representing approximately 22.50% of the total number of issued Shares,

 

at an issue price to be determined later (“Proposed Private Placement”).

 

Further details of the Proposed Private Placement are set out in the attachments below.

 

This announcement is dated 24 February 2021.




Please refer attachment below.



Announcement Info

Company Name BRAHIM'S HOLDINGS BERHAD
Stock Name BRAHIMS
Date Announced 24 Feb 2021
Category General Announcement for PLC
Reference Number GA1-24022021-00103