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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
SubjectGRAND-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 25 August 2006, K&N Kenanga Bhd (“Kenanga”), on behalf of the Board of Directors of Grand-Flo (“Board”), is pleased to announce that the Securities Commission, via its letter dated 6 September 2006, approved the Company’s application for a revision of the approved number of placement shares from 5,019,600 to 10,039,200 new ordinary shares of RM0.10 each in Grand-Flo (“Shares”) to take into account the enlarged number of outstanding Shares after its bonus issue which was completed on 14 August 2006 (“Bonus Issue”).


As at the date of this announcement, the Company has placed out 500,000 Shares before the Bonus Issue and 3,000,000 Shares after the Bonus Issue. In this respect, the number of placement shares to be placed out will be 6,039,200 Shares.

This announcement is dated 8 September 2006.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced8 Sept 2006  
CategoryGeneral Announcement
Reference NoO&-060908-51621



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