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GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY") PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN PENKOPACK SDN BHD, FOR A TOTAL PURCHASE CONSIDERATION OF RM1,120,000.00 PAYABLE IN CASH, IN THREE (3) TRANCHES (“PROPOSED ACQUISITION”)

GRAND-FLO SOLUTION BERHAD

TypeAnnouncement
SubjectGRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN PENKOPACK SDN BHD, FOR A TOTAL PURCHASE CONSIDERATION OF RM1,120,000.00 PAYABLE IN CASH, IN THREE (3) TRANCHES (“PROPOSED ACQUISITION”)
ContentsLabels Network Sdn Bhd, a 55%-owned subsidiary of Grand-Flo, had entered into a share acquisition agreement with Chan Pik Khew, Tan Huai Wei and Yap Ten Song, to acquire and purchase from the Vendors, 80,000 ordinary shares of RM1.00 each in Penkopack Sdn Bhd, representing 80% of the issued and paid-up share capital of Penkopack, for a total purchase consideration of RM1,120,000.00, payable in cash, in three (3) tranches.




Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced25 Jun 2008  
CategoryGeneral Announcement
Reference NoCM-080624-48842



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