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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”) - PROPOSED ACQUISITION OF 55,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 55% EQUITY INTEREST IN LABELS NETWORK SDN BHD (“LNSB”) FROM CHAN PIK KHEW AND WAN KOK WENG FOR A TOTAL PURCHASE CONSIDERATION OF RM3,905,000.00 PAYABLE IN CASH, IN THREE (3) TRANCHES (“PROPOSED ACQUISITION”)

Amended Announcements
Please refer to the earlier announcement reference number: CM-071218-59785

GRAND-FLO SOLUTION BERHAD

Type

Announcement
SubjectGRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”)
- PROPOSED ACQUISITION OF 55,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 55% EQUITY INTEREST IN LABELS NETWORK SDN BHD (“LNSB”) FROM CHAN PIK KHEW AND WAN KOK WENG FOR A TOTAL PURCHASE CONSIDERATION OF RM3,905,000.00 PAYABLE IN CASH, IN THREE (3) TRANCHES (“PROPOSED ACQUISITION”)

Contents :

With reference to our announcement made on 18 December 2007 pertaining to the Proposed Acquisition, the Board of Directors of Grand-Flo wishes to inform that under Section 2.2 Background Information of LNSB, the historical financial information on LNSB should read as follows:

Financial Year Ended
31 December 2006
RM
Profit After Tax
512,737
Net Assets
1,351,914

instead of as announced earlier:

Financial Year Ended
31 December 2006
RM
Profit After Tax
1,351,914
Net Assets
512,737

In addition, the Proposed Acquisition is not subject to the approval from the shareholders of Grand-Flo.

This announcement is dated 19 December 2007.


Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced19 Dec 2007  
CategoryGeneral Announcement
Reference NoCM-071220-2785





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