Thursday 28 Mar 2024
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KUALA LUMPUR (Nov 11): Brahim’s Holdings Bhd has been gaining institutional shareholders’ interest, with Lembaga Tabung Haji (LTH) and Koperasi Permodalan FELDA Malaysia Bhd steadily accumulating its shares.  

In a filing with Bursa Malaysia today, Brahim's said Koperasi FELDA had acquired an additional 300,000 shares in the company.

Koperasi FELDA’s equity stake in Brahim’s has now been raised to 6.59% or 15.58 million shares from 4.76% or 10.74 million shares in January.

LTH’s stake in the in-flight caterer had more than tripled to 17.09% or 40.37 million shares from 5.03% or 11.33 million shares in January.

Brahim’s share price had halved in the past nine months, falling from RM2.70 in May to RM1.42 today, for a market capitalisation of RM340.25 million.

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