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GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY") RULE 8.15(2) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET (“MMLR”)

GRAND-FLO SOLUTION BERHAD

Type

Announcement
SubjectGRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
RULE 8.15(2) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET (“MMLR”)

Contents :

Contents :


Grand-Flo wishes to announce that the Company’s public shareholding spread according to the Record of Depositors of Grand-Flo as at 2 July 2007 is as follows:-

Number of Public Shareholders *:722
Percentage (%) of Public Spread:41.95

Note:

* Number of public shareholders who each hold not less than 100 shares of RM0.10 each in Grand-Flo.

Accordingly, the Company does not comply with the public shareholding spread as prescribed under Rule 8.15(1) of the MMLR, whereby a listed company must ensure that at least 25% of its total listed shares are in the hands of a minimum of 1,000 public shareholders holding not less than 100 shares each (“Required Shareholding Spread”).

Pursuant to Rule 8.15(3) of the MMLR, the Company had on 11 July 2007 submitted an application to Bursa Malaysia Securities Berhad for a lower number of public shareholders of at least 500 public shareholders instead of 1,000 public shareholder or an extension of time until 1 July 2008, being one (1) year from 2 July 2007, to meet the Required Shareholding Spread.

This announcement is dated 11 July 2007.


Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced11 Jul 2007  
CategoryGeneral Announcement
Reference NoCM-070711-61955





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