Brahim's rescue plan falls through


KUALA LUMPUR: PN17 affected firm Brahim's Holdings Bhd said a preliminary agreement with a potential white knight MRI VC Bhd to rescue the company has failed to materialise.

Brahim's, in a filing with Bursa Malaysia today, the company and MRI VC have mutually agreed to terminate a head of agreement dated Dec 20.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Brahim's , MRI VC , PN17

   

Next In Business News

Toyota likely to post first profit drop in two years
Strong financial grasp critical for investors
Licence freeze to have impact on Xin Hwa
Gagasan Nadi in RM185mil acquisition
Proton October sales climb 13.6% to 12,799 units
TGI Friday’s franchises worry about a run on US$50mil in gift cards
Aneka Jaringan wins RM39mil job
TCS bags RM86mil contract
The Philippines to be cautious in policy easing cycle
Ringgit maintains stronger footing at the close

Others Also Read