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GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY") - INCORPORATION OF KOPACKLABELS (M) SDN. BHD.

GRAND-FLO SOLUTION BERHAD

TypeAnnouncement
SubjectGRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
- INCORPORATION OF KOPACKLABELS (M) SDN. BHD.
ContentsThe Board of Directors of Grand-Flo is please to announce that the incorporation of Kopacklabels (M) Sdn. Bhd. ("Kopacklabels") with Labels Network Sdn. Bhd. ("LNSB"), a wholly-owned subsidiary of Grand-Flo, holding an equity interest of 50% therein. Presently, the authorised capital of Kopacklabels is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each and issued and paid-up capital is RM2.00 comprising of 2 ordinary shares of RM1.00 each. Kopacklabels is presently dormant and its principal activities are intended to carry on the business of manufacturing for printing of adhesive labels and stickers.

On incorporation, the shareholders and their respective shareholdings of Kopacklabels are LNSB (50%) and Mr. Tan Bak Hong (50%).

On 26 March 2008, LNSB acquired the remaining equity of 50% in Kopacklabels from Mr. Tan Bak Hong ("the Acquisition").

With the Acquisition, Kopacklabels has become a wholly-owned subsidiary of LNSB.

This announcement is dated 26 March 2008.


Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced26 Mar 2008  
CategoryGeneral Announcement
Reference NoCM-080325-56278



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