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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”) PROPOSED ACQUISITIONS OF 100% EQUITY INTEREST IN SPRITVEST SDN BHD AND DATA CENTRIX SDN BHD BY GRAND-FLO FOR A TOTAL PURCHASE CONSIDERATION OF RM14,000,000, OF WHICH RM7,000,000 WILL BE SATISFIED BY THE ISSUANCE OF 13,333,333 NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO AT AN ISSUE PRICE OF RM0.525 PER SHARE AND RM7,000,000 TO BE SATISFIED BY CASH (“PROPOSED ACQUISITIONS”)

GRAND-FLO SOLUTION BERHAD

Type

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

PROPOSED ACQUISITIONS OF 100% EQUITY INTEREST IN SPRITVEST SDN BHD AND DATA CENTRIX SDN BHD BY GRAND-FLO FOR A TOTAL PURCHASE CONSIDERATION OF RM14,000,000, OF WHICH RM7,000,000 WILL BE SATISFIED BY THE ISSUANCE OF 13,333,333 NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO AT AN ISSUE PRICE OF RM0.525 PER SHARE AND RM7,000,000 TO BE SATISFIED BY CASH (“PROPOSED ACQUISITIONS”)

Contents :

Further to the announcement dated 15 September 2006, K & N Kenanga Bhd, on behalf of the Board of Directors of Grand-Flo, is pleased to announce that the Proposed Acquisitions were duly completed.


This announcement is dated 13 October 2006.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced13 Oct 2006  
CategoryGeneral Announcement
Reference NoO&-061012-60723



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