Brahim's share price once hit a high of RM2.42, but now is traded at 10 sen.
PETALING JAYA: Shares of catering services provider, Brahim’s Holdings, fell sharply today after the company was categorised as a PN17 company when its shareholders fund fell below 25% of its paid-up capital.
“Based on the unaudited interim financial results of BHB for the fourth quarter ended Dec 31, 2018, the shareholders’ equity of BHB on a consolidated basis of less than RM40 million represented 25% or less of its issued capital. Hence, BHB is now regarded as a PN17 company,” the company said in a statement.
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