Brahim’s Holdings Bhd has entered into a memorandum of understanding (MoU) with Servair Investissements Aeroportuaire (SIA) to collaborate and improve commercial and industrial cooperation in the airline catering business.
SIA is a subsidiary of Servair, a leading airline catering company in France and ranked third worldwide, which in turn is a subsidiary of Air France.
In a filing to Bursa Malaysia, Brahim’s said the objective of the MoU was to draw on the parties’ core competencies in the airline catering business and airport services and exchange of operational and technical process improvement.
It said this would enable Brahim’s to benefit from using the ‘Servair’ brand and for SIA to tap on Brahim’s halal excellence center’s halal certification expertise.
The MoU was not expected to immediately have material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of Brahim’s for the financial year ending Dec 31, 2015, added.
Originally published on www.bernama.com