News
ACQUISITION BY FACB INDUSTRIES INCORPORATED BERHAD ("FACB") OF 5,249,999 ORDINARY SHARES OF RM1.00 EACH AND 7,000,000 PREFERENCE SHARES OF RM1.00 EACH IN RESTONIC (M) SDN BHD ("RESTONIC"), REPRESENTING 30% AND 100% OF THE ORDINARY SHARES AND PREFERENCE SHARES RESPECTIVELY IN RESTONIC FROM PACIFIC BRANDS HOLDINGS PTY LTD ("PACIFIC BRANDS") FOR A TOTAL PURCHASE CONSIDERATION OF RM6,709,955 TO BE FULLY SATISFIED VIA CASH ("ACQUISITION")
BackOct 24, 2012
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | TE-121023-43674 |
| Subject | ACQUISITION BY FACB INDUSTRIES INCORPORATED BERHAD ("FACB") OF 5,249,999 ORDINARY SHARES OF RM1.00 EACH AND 7,000,000 PREFERENCE SHARES OF RM1.00 EACH IN RESTONIC (M) SDN BHD ("RESTONIC"), REPRESENTING 30% AND 100% OF THE ORDINARY SHARES AND PREFERENCE SHARES RESPECTIVELY IN RESTONIC FROM PACIFIC BRANDS HOLDINGS PTY LTD ("PACIFIC BRANDS") FOR A TOTAL PURCHASE CONSIDERATION OF RM6,709,955 TO BE FULLY SATISFIED VIA CASH ("ACQUISITION") |
| Description | We refer to our announcement dated 22 October 2012 in respect of the Acquisition ("Announcement"). Unless otherwise defined, the abbreviations used throughout this announcement shall be the same as those previously defined in the Announcement. With reference to the queries raised in Bursa Malaysia Securities Berhad's letter dated 23 October 2012 under reference TE-121023-43674, please refer the attachment for the additional information. This announcement is dated 24 October 2012. |
| Query Letter Contents | We refer to the Company's announcement dated 22 October 2012, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- 1. The net assets and net profit of Restonic based on the latest management accounts. 2. Further elaboration / tabulation on how the consolidated net assets of Restonic (excluding intangible assets) as at 30 June 2011 attributable to the Acquisition of RM7.3 million is arrive at. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully HENG TECK HENG Head, Issuers Listing Division Regulation IJ/TEK c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax) |
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Announcement Info
| Company Name | FACB INDUSTRIES INCORPORATED BERHAD |
| Stock Name | FACBIND |
| Date Announced | 24 Oct 2012 |
| Category | General Announcement |
| Reference No | FI-121024-42022 |
Attachments
- FACBIND241012.PDF (Size: 18,644 bytes)