The Board of Directors of FACB Industries Incorporated Berhad ("FACB" or the "Company") wishes to announce that the Company had, on 22 October 2012, entered into a Share Sale Agreement ("SSA") with Pacific Brands ("Vendor") to acquire all its 5,249,999 ordinary shares of RM1.00 each representing 30% of the total paid up ordinary shares in Restonic ("Restonic Shares") and 7,000,000 preference shares of RM1.00 each representing 100% of the total paid up preference shares in Restonic ("Restonic Preference Shares") ("Restonic Shares" and "Restonic Preference Shares" shall be collectively referred to as the "Sale Shares"), for a total purchase consideration of RM6,709,955 ("Purchase Consideration") to be satisfied entirely via cash.

Please refer to the attachment for the details of the announcement.

This announcement is dated 22 October 2012.