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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”) PROPOSED LISTING OF SIMAT MOBILE COMPUTER CO., LTD., A SUBSIDIARY COMPANY OF GRAND-FLO, ON THE MARKET FOR ALTERNATIVE INVESTMENT IN THAILAND

GRAND-FLO SOLUTION BERHAD

Type

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

PROPOSED LISTING OF SIMAT MOBILE COMPUTER CO., LTD., A SUBSIDIARY COMPANY OF GRAND-FLO, ON THE MARKET FOR ALTERNATIVE INVESTMENT IN THAILAND

Contents :

The Board of Directors of Grand-Flo is pleased to announce that Simat Mobile Computer Co., Ltd. (“Simat”), the Thailand-incorporated subsidiary of Grand-Flo, has appointed Phillip Securities (Thailand) Public Company Limited to act as its Adviser for the proposed initial public offering of Simat’s shares on the Market for Alternative Investment in Thailand (“Proposed IPO”).
    Since the acquisition of 49% equity interest in Simat by the Company in April 2005, Simat’s business operations and profitability have grown significantly. The Proposed IPO will enable Simat to raise funds to pursue its expansion strategies.


    The listing proposal in respect of the Proposed IPO has yet to be finalised. An announcement setting out the details of the Proposed IPO will be made upon finalisation of the listing proposal.

      This announcement is dated 5 April 2006.


      Announcement Info

      Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
      Stock Name GRANFLO    
      Date Announced5 Apr 2006  
      CategoryGeneral Announcement
      Reference NoO&-060405-37381



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