KUALA LUMPUR: Brahim’s Holding Bhd (BHB) is gearing up to exit Practice Note 17 (PN17) status after lapsing into it last week.
The catering services provider said the company will review its capital and business structure in line with complying with the listing requirements.
“The company will also push key initiatives to drive operational improvement and productivity enhancements following a board and management review to rejunivate its consolidated financials,” BHB said in a press release.
The company also seeks to submit a regularisation plan within the next three months following consultations with prospective principal advisers.
“The company wishes to assure all its shareholders, customers, suppliers, joint ventures and employees that its business at operations level is not affected by this status,” it said.
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