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Heitech not rushing to raise stake in Grand-Flo Solution

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Heitech not rushing to raise stake in Grand-Flo Solution Empty Heitech not rushing to raise stake in Grand-Flo Solution

Post by hlk Thu 28 Jul 2011, 14:08

KUALA LUMPUR: HEITECH PADU BHD [] is in no rush to increase its 20.1% stake in Grand -Flo Solution Bhd, S said its chairman Datuk Hilmey Mohd Taib.

He said on Thursday, July 28 that it was a viable move for Heitech to leverage on Grand-Flo's strong presence in Thailand, Vietnam and China while Grand-Flo would also tap into Heitech's presence in the Middle East.

Grand -Flo's managing director Derrick Tan said Grand-Flo had recently landed a big infrastructure project in Thailand and would capitalise on its new relationship with Heitech to work on that project.

Tan also said that both the companies were working on a few projects together currently.
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Heitech not rushing to raise stake in Grand-Flo Solution Empty Re: Heitech not rushing to raise stake in Grand-Flo Solution

Post by thk Thu 28 Jul 2011, 22:34

They have increased their stake to 20.1% after saying no rush.
Maybe misquoted when it was :...in big rush..." Swear
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