Quick take: Grand-Flo shares fall on takeover announcement


KUALA LUMPUR: Grand-Flo Bhd, which received a takeover, fell almost 2% in early trade on Wednesday.

The IT-related company shed 1.89%, or 0.05 sen to 26 sen with 1.46 million shares traded. Year-to-date, the counter has risen 30%. It is currently trading at a PE of about 12 times.

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