FIBON Berhad Enroutes to Listing

Fibon has recently launched its prospectus in conjunction with its listing on the Mesdaq Market of Bursa Malaysia Securities Berhad.The Public Issue of 3,347,000 new ordinary shares of RM0.10 each at an issue price of RM2.73 per ordinary share comprises 308,000 ordinary shares to be made available to the Malaysian public, 3,024,000 ordinary shares for private placement and 15,000 ordinary shares for eligible employees of Fibon and its subsidiary company.A bonus issue of 67,653,000 new ordinary shares of RM0.10 each on the basis of approximately 10,000 new ordinary shares of RM0.10 each for every 4,486 existing ordinary shares of RM0.10 each held in Fibon Berhad will also be implemented after the public issue.At present to launch the event were Ececutive Chairman of Fibon Berhad -Mr Pan Chee Khiong and Managing Director of Fibon Berhad-Mr Pang Fok Seng

Fibon Berhad, a formulator of advance composite material and manufacturer of electrical insulator has crafted a niche in the high amperage market.At this juncture ,only a handful of composite formulator insulator companies in the world which have such capability.Fibon 's products are also proven to be commercially viable ,as its customers include industry giant like Siemens, ABB,Schneider,Terasaki, to name a few.The company expects to raise and utilise RM9.14 million of the proceeds for the purpose of implementing further research and development (R&D) activities ,to purchase new machineries, propel its geographical expansion,to finance its working capitol and to defray its listing expenses.

Through the company's R&D initiatives ,Fibon was able to develop a wide range of new generation composite materials for electircal insulations which can replace traditional electrical insulation materials such as porceclain,glass,epoxy and Bakelite.Fibon's electrical insulation products and composite materials are trademark under the brand Fibon.Fibon addvance composite materials such as the Fibon CT Clamp and Fibon GP600, can overcome weaknesses of traditional materials in areas such as tensile strength,thermal resistance,electrical resistance, flammability and etc.

The company's strength lies within its technical expertise in formulating advanced composite for electrical insulations.Through R&D, the company subsequently achieved several breakthroughs in creating advance composites for the manufacturing of high-amperage insulators hence upgrading customer's switchboards to higher safety standards.Fibon advance composite materials are currently used in critical environment including airports,hydroelectric dams,

power stations ,substations and electric train systems.In April 2008,Fibon achieved another major milestone when it learned that its advanced composite material was tested for its use in a nuclear power plant in China.Fibon's long term customers include many renowned multinational corporations such as Siemens Group ,ABB Group,Schneider Electric Group and Terasaki Electric Group.

Moving forward from the listing, Fibon intends to set up 3 new sales offices in Sydney,Australia; Sharjah,United Arab Emirates and London,United Kingdom, as part of its geographical market expansion plan.The company plans to utilize RM1.18 million of its IPO proceeds for this purpose.