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COMPLETION OF ACQUISITION OF SHARES (THE "ACQUISITION")
IN PACIFIC PLASTICS PTE LTD ("PACIFIC PLASTICS")
The Directors of Beyonics Technology Limited (the "Company") had on 8 November 2002 announced that the Company and Beyonics International Limited ("BIL"), a wholly-owned subsidiary of the Company, (the Company and BIL, together the "Purchasers") had entered into a conditional sale and purchase agreement with each of (i) Wuthelam International Investment Limited; (ii) Arrow Asia Holdings Limited; (iii) Celestica Singapore Pte Ltd; (iv) Chen Ruey Jen; (v) Ng Ai Leng; and (vi) Chan Kok Wai Peter (collectively the "Vendors") for the acquisition by the Purchasers from the Vendors of 9,006,597 ordinary shares of S$1.00 each (the "Sale Shares") in Pacific Plastics, a company incorporated in Singapore. The Sale Shares represent the entire issued share capital of Pacific Plastics.
The Directors of the Company are pleased to announce that following the fulfillment of the conditions set out in the Company's announcement on 8 November 2002, the completion of the Acquisition (the "Completion") took place on 9 December 2002. Following the Completion, Pacific Plastics will become a wholly-owned subsidiary of BIL.
By Order of the Board
Submitted by Tay Peng Huat, Company Secretary on 09/12/2002 to the SGX
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