Abiopharma

Net Pacific Financial Holdings Limited, formerly known as K Plas Holdings
Limited, (“Net Pacific” or the “Company”) was established in 2003 as a service
provider for integrated mould design and fabrication and plastic injection
moulding under its Plastic Business, serving customers mainly from consumer
electronics, automotive, healthcare and household application industries.
As part of its diversification strategy, the Company went into the Financing
Business and underwent a name change to Net Pacific Financial Holdings Limited
in 2010. With long-term stability as its goal, Net Pacific focus on creating
value by offering small- to mid-sized companies in the PRC and the Hong Kong
Special Administrative Region of the PRC access to capital through the
financial services under the Financing Business.
Financing Business
Net Pacific provides working capital financing, asset - backed loans and
mezzanine loans to small- to mid-sized companies in the PRC and the Hong Kong
Special Administrative Region of the PRC. These loans will be secured by
either floating or fixed charge over certain assets or shares of the
borrower(s) and/or guaranteed by major shareholder(s) of the borrower(s).
While focusing on providing financing services, where opportunities arise, Net
Pacific may also make investments in companies which have good fundamentals and
growth potential. In order to minimise risk to the Company, the investments
will be made in the form of convertible loans or preferred shares. It is
envisaged that for such investments, the Company expects a clear value growth
plan of the investee as well as eventual exit strategy.
Plastic Business
Using the plastic injection moulding process, Net Pacific manufactures
precision engineering plastic components which are used as mechanisms in
end-user products such as cameras, game consoles, motor, VCD & DVD players,
audio car stereo and ignition systems.
With in-house expertise, the Company is able to custom-design and fabricate
plastic injection moulds according to the specifications of individual
customers using machineries and technologies such as EDM, wire cutting,
milling, lathe, and CNC-operated or surface grinding machines.
The Company has on 28 April 2011 obtained shareholders’ approval to dispose of
the entire interest in the Plastic Business in order to focus on the Financing
Business. Please refer to the Company’s circular dated 13 April 2011 for more
details.

Additional info from SGX:

Net Pacific Financial Holdings Limited, formerly known as K Plas Holdings
Limited, (“Net Pacific” or the “Company”) was established in 2003 as a service
provider for integrated mould design and fabrication and plastic injection
moulding under its Plastic Business, serving customers mainly from consumer
electronics, automotive, healthcare and household application industries.
As part of its diversification strategy, the Company went into the Financing
Business and underwent a name change to Net Pacific Financial Holdings Limited
in 2010. With long-term stability as its goal, Net Pacific focus on creating
value by offering small- to mid-sized companies in the PRC and the Hong Kong
Special Administrative Region of the PRC access to capital through the
financial services under the Financing Business.
Financing Business
Net Pacific provides working capital financing, asset - backed loans and
mezzanine loans to small- to mid-sized companies in the PRC and the Hong Kong
Special Administrative Region of the PRC. These loans will be secured by
either floating or fixed charge over certain assets or shares of the
borrower(s) and/or guaranteed by major shareholder(s) of the borrower(s).
While focusing on providing financing services, where opportunities arise, Net
Pacific may also make investments in companies which have good fundamentals and
growth potential. In order to minimise risk to the Company, the investments
will be made in the form of convertible loans or preferred shares. It is
envisaged that for such investments, the Company expects a clear value growth
plan of the investee as well as eventual exit strategy.
Plastic Business
Using the plastic injection moulding process, Net Pacific manufactures
precision engineering plastic components which are used as mechanisms in
end-user products such as cameras, game consoles, motor, VCD & DVD players,
audio car stereo and ignition systems.
With in-house expertise, the Company is able to custom-design and fabricate
plastic injection moulds according to the specifications of individual
customers using machineries and technologies such as EDM, wire cutting,
milling, lathe, and CNC-operated or surface grinding machines.
The Company has on 28 April 2011 obtained shareholders’ approval to dispose of
the entire interest in the Plastic Business in order to focus on the Financing
Business. Please refer to the Company’s circular dated 13 April 2011 for more
details.