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ASIA BIOENERGY TECHNOLOGIES BERHAD ("ASIABIO" or "COMPANY") - Proposed Joint Venture in Microbial Propagation Technology ("MPT")

ASIA BIOENERGY TECHNOLOGIES BERHAD

TypeAnnouncement
SubjectASIA BIOENERGY TECHNOLOGIES BERHAD ("ASIABIO" or "COMPANY")
- Proposed Joint Venture in Microbial Propagation Technology ("MPT")
ContentsThe Board of Directors of ASIABIO wishes to announce that the Company and ALC Management Sdn. Bhd. ("AM") had on 30 July 2009 entered into a Shareholders' and Technology Transfer Agreement with Xtra Meridian Sdn. Bhd. ("XM"), Zenline Consolidated Sdn. Bhd. ("ZC") and Gallant Prism Sdn. Bhd. ("GP") for the transfer of the microbial propagation technology know-how from XM by AM and setting up of a microbial biotechnology production facility to produce microbes for use as bio-fertilisers.

The details of the Proposed Joint Venture in MPT are set out in the attachment below.

Attachments

ABT-Proposed JV.pdf
319 KB



Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (MESDAQ Market) 
Stock Name ASIABIO    
Date Announced30 Jul 2009  
CategoryGeneral Announcement
Reference NoCM-090729-70901



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