PETALING JAYA: In-flight caterer Brahim’s Holdings Bhd is selling a 49% stake in its subsidiary Brahim’s Airline Catering Holdings Sdn Bhd (BACH) to Singapore-based SATS Ltd for RM218mil cash based on certain conditions.
On completion of the deal, Brahim’s will get RM110mil and up to RM108mil upon achieving certain financial targets, the company said in a filing with Bursa Malaysia.
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