Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


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")

For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made on 18 December 2019.

 

Further to the Company’s announcement made on 18 December 2019 in relation to the Proposed Acquisition, the Company wishes to furnish the following additional information :-

 

1)            The Net Assets of JBSB as per the latest audited financial statements for the financial year ended 31 December 2018 is RM4,609,579.

 

2)            The Net Loss of JBSB as per the latest audited financial statements for the financial year ended 31 December 2018 is RM220,363.

 

 

 

This announcement is dated 20 December 2019.






Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 20 Dec 2019
Category General Announcement for PLC
Reference Number GA1-20122019-00026




Close