Shee Cheng Bong

FACB Industries Incorporated Berhad ("FACBII") was incorporated in Malaysia on 11 July 1979 under the name of Honco Holdings Sdn Bhd and was initially listed on Bursa Malaysia under the name of Dreamland Holdings Berhad on 18 May 1987. Subsequently, it adopted the name of Kanzen Berhad on 2 November 1991 and assumed its present name on 8 November 1997. FACBII is classified under the Industrial Products Sector of Main Market Bursa Malaysia with the designated stock code of 2984. FACBII is selected as one of KLSE Emas Index Component stocks and is a Syariah-Compliant Securities as selected by the Securities Commission Syariah Advisory Council. As at 1 December 2009, FACBII's issued and fully paid-up capital was RM85.1625 million which was divided into 85.1625 million ordinary shares with a par value of RM1.00 for each fully paid ordinary share. FACBII has a market capitalisation of approximately RM42.6 million as at early December 2009. FACBII is a diversified business group with steel manufacturing division as its flagship operation, i.e. stainless and carbon steel. The Group is also involved in the trading of steel related products and manufacturing & sales of bedding products. FACBII has over the past two decades build up its reputation for excellence in its products and services and FACBII is one of the leading and largest integrated stainless steel welded pipes and butt-weld fittings manufacturers in South East Asia since 1990s. FACBII exports about 70% of its stainless steel finished products to over 60 countries by leveraging on its strong worldwide marketing network. By focusing the Group's effort towards building, nurturing and showcasing Malaysia as a competent, innovative and creative nation to the international community, FACBII is committed to become a market leader in the downstream stainless steel manufacturing and bedding industry.