Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


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

Contents :

Further to the announcement dated 11 July 2007, the Board of Directors of Grand-Flo wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had via its letter dated 9 August 2007 disapproved Grand-Flo’s application to have a lower public shareholders of at least 500 public shareholders instead of 1,000 public shareholders.


However, Bursa Securities has granted the Company an extension of time of six (6) months until 1 January 2008, instead of 1 July 2008 as requested, to comply with the public shareholding spread requirements pursuant to Rule 8.15 (1) of the MMLR.

The 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%

At this juncture, the Company has not formulated any formal rectification plan to increase the number of public shareholders. However, the Company endeavours to formulate such plan and will explore steps to increase the liquidity of its shares.

This announcement is dated 10 August 2007.


Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced10 Aug 2007  
CategoryGeneral Announcement
Reference NoCM-070810-58817





Close