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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”) PRIVATE PLACEMENT OF UP TO 5,019,600 NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO (“PRIVATE PLACEMENT”)

GRAND-FLO SOLUTION BERHAD

Type

Announcement
Subject
GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”)

PRIVATE PLACEMENT OF UP TO 5,019,600 NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO (“PRIVATE PLACEMENT”)

Contents :

Further to the announcement dated 24 July 2006, K&N Kenanga Bhd (“Kenanga”), on behalf of the Board of Directors of Grand-Flo (“Board”), is pleased to announce that the Board has fixed the issue price for 3,000,000 new ordinary shares of RM0.10 each in Grand-Flo (“Grand-Flo Shares” or “Shares”) to be issued pursuant to the Private Placement at an issue price RM0.40 per Share (“Issue Price”). The Issue Price represents a discount of approximately 9% to the five (5)-market day volume weighted average market price of Grand-Flo Shares from 16 August 2006 to 22 August 2006 of RM0.44.


This announcement is dated 24 August 2006.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced24 Aug 2006  
CategoryGeneral Announcement
Reference NoO&-060824-60398



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