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GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY") - INCORPORATION OF LABELS4U AUTOMATION SDN. BHD.

GRAND-FLO SOLUTION BERHAD

TypeAnnouncement
SubjectGRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
- INCORPORATION OF LABELS4U AUTOMATION SDN. BHD.
ContentsThe Board of Directors of Grand-Flo is pleased to announce the incorporation of Labels4U Automation Sdn. Bhd. ("Labels4U") on 29 August 2008 with Labels Network Sdn. Bhd. ("LNSB"), a 55% owned subsidiary of Grand-Flo, holding an equity interest of 50% therein and the remaining 50% equity interest being held by Mr. Tan Bak Hong.

Presently, the authorised capital of Labels4U is RM100,000.00, divided into 100,000 ordinary shares of RM1.00 each, and the issued and paid-up capital is RM2.00, comprising of 2 ordinary shares of RM1.00 each. Labels4U is presently dormant and its principal activities are intended to carry on the business as manufacturers and dealers in labelling machines, adhesive labels and stickers printers.

On 3 September 2008, LNSB acquired the remaining equity of 50% in Labels4U from Mr. Tan Bak Hong ("Acquisition").

With the Acquisition, Labels4U has become a wholly-owned subsidiary of LNSB.

This announcement is dated 4 September 2008.



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced4 Sept 2008  
CategoryGeneral Announcement
Reference NoCM-080904-59318



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