Brahim's holdings buys companies to "diversify"

From the Edge:

KUALA LUMPUR (Mar 10): Brahim's Holdings Bhd ( Financial Dashboard) rose as much as 16 sen or 19% after the firm said it planned to buy a local food and beverage (F&B) company to reduce dependence on its core in-flight catering business.

 Brahim's (fundamental: 0.35; valuation: 1.2) rose to an intraday high of RM1.02 before paring gains to 98.5 sen at 10:10am. The bourse's eighth-largest gainer saw some 9.4 million shares traded.

Brahim's share trade was suspended from 10:12am last Friday till 5pm yesterday. The stock resumed trading today.

Yesterday, Brahim's told the exchange it was in talks to buy a local F&B company to increase shareholders' value.

Brahim's said the terms and conditions of the acquisition had yet to be finalised.

Does Brahim's contract with MAS seem to be on the ropes?  I'm not sure but the company CEOs seem to lack foresight on what to do.  Going out and buying lots of companies isn't exactly the best way to inspire confidence among shareholders.

Moves higher will seem like a dead cat bounce to me.  It's no secret that Brahim's Holdings is desperately trying to shore up revenues, and the companies the Brahim's is seeking to buy will milk them for all they can as their negotiating position is quite bad.