Brahim's Holdings Bhd (BHB) says it has received an invitation to take up to 60 per cent equity interest in Admuda Sdn Bhd for a consideration of up to RM20 million. It is to be satisfied via a combination of cash and issuance of BHB's shares, the company said in a filing to Bursa Malaysia today.
Admuda holds a licence from the International Trade and Industry Ministry to operate as a licensed manufacturer of refined sugar and molasses in East Malaysia.
The BHB board has agreed to accept the investment invitation subject to further agreement of terms, saying it is in line with the company's strategic plan to venture into upstream production in food businesses and its related supply chain. -- Bernama
Admuda holds a licence from the International Trade and Industry Ministry to operate as a licensed manufacturer of refined sugar and molasses in East Malaysia.
The BHB board has agreed to accept the investment invitation subject to further agreement of terms, saying it is in line with the company's strategic plan to venture into upstream production in food businesses and its related supply chain. -- Bernama
