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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 6 February 2007, Kenanga Investment Bank Berhad (formerly known as 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 remaining 1,625,200 new ordinary shares of RM0.10 each in Grand-Flo (“Grand-Flo Shares” or “Shares”) to be issued pursuant to the Private Placement at RM0.40 per Share (“Issue Price”). The Issue Price represents a discount of approximately 2.4% to the five (5)-market day volume weighted average market price of Grand-Flo Shares from 29 January 2007 to 5 February 2007 of RM0.41.


This announcement is dated 7 February 2007.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced7 Feb 2007  
CategoryGeneral Announcement
Reference NoO&-070207-55748



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