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TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

GRAND-FLO BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
GRAND-FLO BERHAD ("GRAND-FLO" OR "THE COMPANY") 
- RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM AMINVESTMENT BANK BERHAD ON BEHALF OF YBG YAP CONSOLIDATED SDN. BHD. ("YBG YAP" OR "THE OFFEROR")

The Board of Directors of Grand-Flo (“Board”) wishes to announce that the Board has, on 29 July 2019, received a notice of unconditional mandatory take-over offer (“Notice”) from AmInvestment Bank Berhad on behalf of the Offeror, to acquire all the remaining ordinary shares in Grand-Flo not already owned by the Offeror, the Joint Ultimate Offerors and PACs (“Offer Share(s)”) for a cash consideration of RM0.26 per Offer Share (“Offer”).

 

In accordance with the Rules on Take-Overs, Mergers and Compulsory Acquisitions, the Board will appoint an independent adviser to advise the Company and the holders of the Offer Shares on the fairness and reasonableness of the Offer. The announcement of the appointed independent adviser will be made in due course.

 

A copy of the Notice is attached herewith and the same will be posted to all holders of the Offer Shares within seven (7) days from the date of this announcement.

 

This announcement is dated 29 July 2019.




Please refer attachment below.



Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 29 Jul 2019
Category General Announcement for PLC
Reference Number GA1-26072019-00056




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