BRAHIM’S PRIVATE PLACEMENT TO RAISE UP TO RM9.9M

PETALING JAYA: Brahim’s Holdings Bhd proposes to undertake a private placement exercise to raise up to RM9.9 million. The group said in a filing with the stock exchange that it entails the issuance of up to 23.63 million shares, representing up to 10% of its existing issued shares. The private placement will allow Brahim’s to raise funds for the repayment of bank borrowings and working capital purposes.