Brahim's slumps 26.8% after Tabung Haji exits as major shareholder

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KUALA LUMPUR (Jan 2): Brahim's Holdings Bhd shares slumped 26.8% at mid-morning today as Lembaga Tabung Haji continued to transfer its underperforming equities to the special purpose vehicle under the Ministry of Finance.

Filings with Bursa Malaysia on Dec 31 showed that the pilgrim fund had transferred its shareholdings in Brahim's to Urusharta Jamaah Sdn Bhd.

At 10.25am, Brahim's fell 7.5 sen to 20.5 sen with 149,400 shares traded.

Tabung Haji had transferred 45.55 million shares in Brahim's to Urusharta Jamaah, and ceased to be a substantial shareholder in the firm.