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

Contents :

We refer to the announcement made in relation to the above subject matter dated 11 July 2007.


Grand-Flo Solution Berhad (“Grand-Flo” or "Company"), wishes to announce that the Company’s public shareholding spread according to the Record of Depositors of Grand-Flo as at 26 December 2007 is as follows:-

Number of Public Shareholders *
:
763
Percentage (%) of Public Spread
:
44.78

Note:

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

Accordingly, the Company has yet to meet 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”), given that the number of public shareholders it has is below the required 1,000 public shareholders.

Pursuant to Rule 8.15(3) of the MMLR, the Company had on 31 December 2007 submitted an application to Bursa Malaysia Securities Berhad for a further extension of time until 1 January 2009, being one (1) year from 1 January 2008, to meet the Required Shareholding Spread.

This announcement is dated 31 December 2007.




Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced31 Dec 2007  
CategoryGeneral Announcement
Reference NoCM-071231-61164





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