Pursuant to Paragraph 9.19(23) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of BHS wishes to announce that the Company had on 16  November 2016 acquired the entire issued and paid up share capital of Firasat Prima Sdn. Bhd. (“FPSB”) comprising two (2) ordinary shares of RM1.00 each (“Acquisition”) from Noraslime bin Aminudin and Wan Salman bin Wan Sulaiman, for a cash consideration of Ringgit Malaysia Two (RM2.00) only.

FPSB was incorporated on 5 February 2014 and having its registered office at 136, 1st Floor, Jalan Pahang, 53000 Kuala Lumpur. FPSB has yet to commence business and was intended to be engaged  in the business of wholesale of a variety of goods.

LIABILITIES TO BE ASSUMED

Save for existing liabilities of RM35,786.00 in FPSB based on its latest Audited Financial Statements for the financial year ended 30 June 2016, there are no other liabilities, including contingent liabilities and guarantees will be assumed by the Company arising from the Acquisition.

FINANCIAL EFFECTS OF THE ACQUISITION

The Acquisition is not expected to have any financial effects on the Company for the financial year ending 30 June 2017  in terms of earnings per share, net assets per share, and gearing of the Company.

The Acquisition will not have any effect on the issued and paid up share capital and substantial shareholders’ shareholding in the Company.

INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM

None of the Directors and substantial shareholders of the Company and persons connected to the Directors and substantial shareholders of the Company has any interest, direct or indirect, in the Acquisition.

This announcement is dated 16 November 2016.