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MULTIPLE PROPOSALS - PROPOSED JOINT VENTURE; AND - PROPOSED PRIVATE PLACEMENT

GRAND-FLO BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
-	PROPOSED JOINT VENTURE; AND -	PROPOSED PRIVATE PLACEMENT

Reference is made to the announcements on 14 October 2019 and 25 October 2019 in relation to the Proposals. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board of Directors of Grand-Flo, AmInvestment Bank Berhad is pleased to announce that Bursa Securities had, vide its letter dated 30 October 2019, approved the listing of and quotation for up to 47,041,771 Placement Shares to be issued pursuant to the Proposed Private Placement.

The aforesaid approval is subject to, inter-alia, the following conditions:-

  1. Grand-Flo and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
  2. Grand-Flo and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement; and
  3. Grand-Flo to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

 

This announcement is dated 30 October 2019.






Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 30 Oct 2019
Category General Announcement for PLC
Reference Number GA1-30102019-00073




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