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Brahim’s rises on sugar investment plan (9474)

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Post by hlk Mon 16 Jul 2012, 13:46

Brahim’s Holdings Bhd, which provides in-flight catering, advanced 5.7
percent to RM1.12 in Kuala Lumpur trading at 9.50am, poised for its
steepest increase since May 10.

The company will invest RM130 million to set up a sugar refinery
and expects full earnings contribution in financial year 2014, the Edge
weekly newspaper reported, citing Executive Chairman Ibrahim Ahmad
Badawi.

Brahim’s received shareholders’ approval last week to buy 60
percent of Admuda Sdn BHd, which holds a license to manufacture refined
sugar and molasses in the eastern states of Sabah and Sarawak,
according to a stock-exchange filing. -- Bloomberg





















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Post by Cals Mon 16 Jul 2012, 14:08

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