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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GRAND-FLO BERHAD ("GRAND-FLO" OR THE COMPANY") Proposed Acquisition by Grand-Flo Capital Sdn. Bhd., a wholly-owned subsidiary of the Company, for the remaining 480,000 ordinary shares in Jalur Bina Sdn. Bhd. not already held by Grand-Flo Capital Sdn. Bhd, representing 48% of the total issued share capital of JBSB for a total cash consideration of RM884,000.00 (Proposed Acquisition)

GRAND-FLO BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GRAND-FLO BERHAD ("GRAND-FLO" OR THE COMPANY")

Proposed Acquisition by Grand-Flo Capital Sdn. Bhd., a wholly-owned subsidiary of the Company, for the remaining 480,000 ordinary shares in Jalur Bina Sdn. Bhd. not already held by Grand-Flo Capital Sdn. Bhd, representing 48% of the total issued share capital of JBSB for a total cash consideration of RM884,000.00 (Proposed Acquisition)

The Board of Directors of Grand-Flo wishes to announce that its wholly-owned subsidiary, Grand-Flo Capital Sdn Bhd had on 18 December 2019 entered into an unconditional Share Sale Agreement with Loyang Ekuiti Sdn Bhd, for the acquisition of 480,000 ordinary shares in Jalur Bina Sdn Bhd, representing 48% equity interest in JBSB, from the Vendor for a total cash consideration of RM884,000.00.

 

Please refer to the attachment for details of this announcement.

 

 

 

 

 




Please refer attachment below.

Attachments

Grand Flo Berhad - SSA.pdf
135.1 kB



Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 18 Dec 2019
Category General Announcement for PLC
Reference Number GA1-18122019-00022




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