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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”) PRIVATE PLACEMENT OF UP TO 10,039,200 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 10,039,200 NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO ("PRIVATE PLACEMENT")

Contents :

Further to the announcement dated 13 November 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 the 1,000,000 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 of RM0.40 per Share (“Issue Price”). The Issue Price represents a discount of approximately 5% to the five (5)-market day volume weighted average market price of Grand-Flo Shares from 23 November 2006 to 29 November 2006 of RM0.42.


This announcement is dated 30 November 2006.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced30 Nov 2006  
CategoryGeneral Announcement
Reference NoO&-061130-40948



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