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Tabung Haji bumps up stake in Brahim's
by Cals Thu 23 Oct 2014, 22:44
Tabung Haji bumps up stake in Brahim's
By Shalini Kumar / TheEdge Markets.com | October 23, 2014 : 6:36 PM MYT
KUALA LUMPUR (Oct 23): Lembaga Tabung Haji has increased its equity stake in Brahim's Holdings Bhd (Financial Dashboard) to 16.32%. The pilgrim fund bought an additional 1.49 million shares between Oct 8 to Oct 13, bringing the number of shares it owns to 38.6 million shares, according to the filing with Bursa Malaysia.
Brahim's share price has taken a nosedive, after news that Malaysian Airline System Bhd ( Financial Dashboard) had to renegotiate its meal catering concession with the company.
The stock plunged to a recent low of RM1.19, from the peak of RM2.70 in March. Brahim's closed two sen higher at RM1.25 today, with a market capitalisation of RM295.36 million.
By Shalini Kumar / TheEdge Markets.com | October 23, 2014 : 6:36 PM MYT
KUALA LUMPUR (Oct 23): Lembaga Tabung Haji has increased its equity stake in Brahim's Holdings Bhd (Financial Dashboard) to 16.32%. The pilgrim fund bought an additional 1.49 million shares between Oct 8 to Oct 13, bringing the number of shares it owns to 38.6 million shares, according to the filing with Bursa Malaysia.
Brahim's share price has taken a nosedive, after news that Malaysian Airline System Bhd ( Financial Dashboard) had to renegotiate its meal catering concession with the company.
The stock plunged to a recent low of RM1.19, from the peak of RM2.70 in March. Brahim's closed two sen higher at RM1.25 today, with a market capitalisation of RM295.36 million.
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