KUALA LUMPUR (Jan 18): Brahim’s Holdings Bhd will subscribe for a 60% stake in in Admuda Sdn Bhd via cash and shares which would see it venturing into the manufacturing of sugar.
Brahim’s, formerly known as TAMADAM BONDED WAREHOUSE BHD [], said on Wednesday Admuda holds a licence from the Ministry of International Trade and Industry for producing refined sugar and molasses in Sabah and Sarawak.
It said it had decided to take up the investment invitation from Admuda as it was in line with Brahim’s plan to venture into upstream production in food businesses and its related supply chain.
“The board has in the board meeting held today deliberated the Investment Invitation and mandated the management of the company to accept the said investment opportunity subject to further agreement of terms between the company and Admuda,” it said.
Brahim’s, formerly known as TAMADAM BONDED WAREHOUSE BHD [], said on Wednesday Admuda holds a licence from the Ministry of International Trade and Industry for producing refined sugar and molasses in Sabah and Sarawak.
It said it had decided to take up the investment invitation from Admuda as it was in line with Brahim’s plan to venture into upstream production in food businesses and its related supply chain.
“The board has in the board meeting held today deliberated the Investment Invitation and mandated the management of the company to accept the said investment opportunity subject to further agreement of terms between the company and Admuda,” it said.
