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GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY") PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) FOR THE MESDAQ MARKET (“MMLR”) - QUARTERLY STATUS ANNOUNCEMENT

GRAND-FLO SOLUTION BERHAD

Type

Announcement
SubjectGRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")

PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) FOR THE MESDAQ MARKET (“MMLR”) - QUARTERLY STATUS ANNOUNCEMENT

Contents :

We refer to our announcements dated 11 July 2007, 10 August 2007 and 28 August 2007 in relation to the Company’s public shareholding spread.


As reflected in the abovementioned announcements, the Company does not comply with the public shareholding spread requirement set out in Rule 8.15(1) of the MMLR (“Public Shareholding Spread Requirement”). Based on the Company’s Record of Depositors as at 26 November 2007, the public shareholding spread of the Company was 41.89% in the hands of 698 public shareholders holding not less than 100 ordinary shares of RM0.10 each in GRAND-FLO.

As announced on 10 August 2007, Bursa Securities had granted GRAND-FLO an extension of time of six (6) months from 2 July 2007 until 1 January 2008 to comply with the Public Shareholding Spread Requirement.

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 29 November 2007.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced29 Nov 2007  
CategoryGeneral Announcement
Reference NoCM-071129-50507





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