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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR THE “COMPANY”) PROPOSED ACQUISITION OF CL SOLUTIONS (CHINA) LIMITED (“CLS CHINA”), A COMPANY INCORPORATED IN HONG KONG, FOR AN AGGREGATE CONSIDERATION OF HKD25,000,000 (EQUIVALENT TO APPROXIMATELY RM10,638,298) (“PURCHASE CONSIDERATION”) TO BE SATISFIED BY A COMBINATION OF CASH AND THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO (“PROPOSED ACQUISITION”)

GRAND-FLO SOLUTION BERHAD

TypeAnnouncement
SubjectGRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR THE “COMPANY”)

PROPOSED ACQUISITION OF CL SOLUTIONS (CHINA) LIMITED (“CLS CHINA”), A COMPANY INCORPORATED IN HONG KONG, FOR AN AGGREGATE CONSIDERATION OF HKD25,000,000 (EQUIVALENT TO APPROXIMATELY RM10,638,298) (“PURCHASE CONSIDERATION”) TO BE SATISFIED BY A COMBINATION OF CASH AND THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN GRAND-FLO (“PROPOSED ACQUISITION”)
ContentsFurther to the Company’s announcements dated 10 September 2008, 16 December 2008 and 16 January 2009 in respect of the Proposed Acquisition, Kenanga Investment Bank Berhad, on behalf of the Board of Directors of Grand-Flo, wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 29 January 2009, which was received on 10 February 2009, approved in-principle the listing of 11,398,176 new ordinary shares of RM0.10 each in Grand-Flo to be issued pursuant to the Proposed Acquisition.

This announcement is dated 10 February 2009.


Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced10 Feb 2009  
CategoryGeneral Announcement
Reference NoMI-090210-52223



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