CIRCULAR TO SHAREHOLDERS - 24 OCT 2005 CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- PART A – PROPOSED ACQUISITION OF 5,000,000 ORDINARY SHARES OF BAHT10.00 EACH IN PAN INTERNATIONAL ELECTRONICS (THAILAND) CO LTD (“PIT”) REPRESENTING THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF PIT FROM PAN GLOBAL HOLDING CO LTD, A MAJOR SHAREHOLDER OF P.I.E. INDUSTRIAL BERHAD, FOR A CASH CONSIDERATION OF USD3,850,000 (EQUIVALENT TO APPROXIMATELY RM14,534,000) (“PROPOSED ACQUISITION”)
