Brahim’s plans to emerge from PN17 status

Press conference by Brahim Holdings Bhd Exec Chairman Datuk Seri Ibrahim Ahmad on the company's regularisation plans. From left to right: Berhim’s Holdings Berhad Executive Chairman Datuk Seri Ibrahim Haji Ahmad, MRI VC Executive Chairman Norizam Tuhiman, Director Muhammad Arif Tuhiman. Low Lay Phon/The Star

THE entry of a new substantial shareholder and two fund-raising exercises are in the offing for catering services provider Brahim’s Holdings Bhd.

These are part of the group’s proposed financial regularisation plan to get itself out of the Practice Note 17 (PN17) status that it sank into earlier this year.