KUALA LUMPUR: Focus Dynamics Group Bhd has acquired a substantial stake in ailing in-flight catering firm Brahim’s Holdings Bhd.
The company said today that it has amassed a 12.19% equity interest in Brahim after spending RM7.34mil buying 28.8 million shares in a direct business transaction (DBT) earlier this week.
“Focus Dynamics, with its plans for digital cloud kitchen services, E-kitchen network and other flagship outlets, sees this acquisition as the key step to establishing a solid platform of operations to cater for its expansion and growth plans, ” it said in a filing with Bursa Malaysia.