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BRAHIM’S CONSIDERING DISPOSING OF 70% STAKE IN BRAHIM’S FOOD SERVICES

--------------------------------------------------------------------------------


 * Corporate News

 * Friday, 08 Sep 2023
   
   6:36 PM MYT
   


   RELATED NEWS
   
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Brahim’s Holding Bhd executive chairman Datuk Seri Ibrahim Ahmad - YAP CHEE
HONG/The Star

SEPANG: In-flight caterer, Brahim’s Holdings Bhd (BHB), is prepared to dispose
of 70 per cent of its stake in Brahim’s Food Services (BFS) to assist the
restructuring of the latter’s financial position, BHB executive chairman Datuk
Seri Ibrahim Ahmad said.

He said several interested local and foreign companies have held discussions
with BHB regarding the matter.



"We do intend to let go of the 70 per cent at the right and fair price (and)
there are local interested parties and foreign interested parties but that’s all
in discussion and no decision has been made.

"We expect to conclude (the negotiation) as soon as possible,” he said at a
press conference here today.


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The remaining 30 per cent stake in BFS is held by Malaysia Airlines Bhd (MAB).

Meanwhile, BHB’s chief executive officer Mohd Fadhli Abdul Rahman said BHB is
open to renegotiate with Malaysia Aviation Group (MAG), the parent company of
MAB, following the termination of the catering contract with MAB after 25 years
on Aug 31.

"We are very open to welcome them back but of course, the term must be fair
between both parties. If the term is fair then we are willing to accept, no
problem,” he said.

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He said overall, the in-flight catering services offered by BHB is still running
as usual despite the termination of the catering contract with MAB, thus,
dispelling claims by some parties that the company is problematic.

"If we are problematic, how could we supply food to 10 of the world’s best
airlines?” he said.

Currently, BFS provides services to 35 foreign airlines with clients including
Qatar Airways, Turkish Airlines, Japan Airlines and Korean Air.

MAG activated a Business Continuity Plan (BCP) for in-flight meal services on
selected routes under MAB effective Sept 1. - Bernama

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Tags / Keywords: Brahim’s , Brahim’s Food , MAB , MAG , Ibrahim Ahmad , Malaysia
Airlines

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RELATED NEWS

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RELATED NEWS

--------------------------------------------------------------------------------

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Corporate News 18h ago


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SELECT STATE AND LOCATION TO VIEW THE LATEST API READING

 * Select StatePERLISKEDAHPULAU PINANGPERAKW.P. KUALA LUMPURW.P.
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MARKET SUMMARY

--------------------------------------------------------------------------------

Quotes are delayed by at least 15 mins
Updated: 14 Dec 2023|9:50 AM


FBM KLCI

1453.48

5.44

0.37%

Vol ('00)


9,740,793

FBMKLCI



Day's Range

Low

1448.14

High

1453.94
52 Weeks Range

Low

1369.41

High

1503
Gainers369
Losers182
Unchanged369
Untraded1424
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--------------------------------------------------------------------------------

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 * SymbolOpenHighLowLastChg%ChgVol ('00)SAPNRG 0.050 0.055 0.050 0.050
   0.0000.001,216,241 SMTRACK 0.040 0.040 0.035 0.040 0.0000.00659,964 SCIB
   0.805 0.825 0.805 0.825 0.0202.48274,673 MINETEC 0.070 0.085 0.070 0.080
   0.01014.29271,811 TOPGLOV 0.875 0.890 0.870 0.885 0.0101.14249,988 HANDAL
   0.125 0.130 0.120 0.125 0.0000.00232,365 TANCO-WC 0.270 0.270 0.270 0.270
   0.0000.00220,602 HSI-CTD 0.160 0.190 0.155 0.180 0.03020.00207,594 SAUDEE
   0.030 0.035 0.030 0.030 0.0000.00175,819 KAB 0.365 0.370 0.360 0.365
   0.0000.00173,025 KNM 0.090 0.095 0.090 0.095 0.0000.00167,180 PANDA 0.220
   0.230 0.210 0.220 0.0000.00152,235 LEFORM 0.375 0.380 0.370 0.380
   0.0051.33132,738 IWCITY 0.625 0.640 0.625 0.635 0.0203.25123,288 CAREPLS
   0.345 0.350 0.340 0.345 0.0000.00118,267





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