KUALA LUMPUR, March 10 — Brahim's Holdings Bhd share price jumped 12.2 per cent following its proposed acquition of The Chicken Rice Shop.
As at 9.53am, the company's share pricesoared 10.5 sen to 96.5 sen with 5.55 million shares changing hands.
In an announcement to Bursa Malaysia late yesterday, Brahim's said its proposal to acquire The Chicken Rice Shop "may or may not materialise" as it was still under negotiations.
The company noted that the terms and conditions of the proposed acquisition have yet to be agreed upon.
A business weekly recently reported that Brahim's was currently in talks to acquire a local food-and-beverage business, TCRS Restaurants Sdn Bhd, the owner and operator of The Chicken Rice Shop, Sweet Chat and Dubu-Dubu here. — Bernama
