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ASIA BIOENERGY TECHNOLOGIES BERHAD ("ASIABIO" OR "COMPANY") PROPOSED ACQUISITION BY ASIABIO OF A PIECE OF ONE AND HALF STOREY SEMI-DETACHED FACTORY HELD UNDER ISSUE DOCUMENT OF TITLE H.S.(D) NO. 15720, P.T. NO. 11584, MUKIM KLANG, DAERAH KLANG, NEGERI SELANGOR MEASURING IN AREA OF APPROXIMATELY 1,532.9429 SQUARE METRE (16,501 SQUARE FEET), BEARING POSTAL ADDRESS AT NO. 12, JALAN SELAT SELATAN 21A, SOBENA INDUSTRIAL PARK, 42000 PORT KLANG FROM NEW OUCHEE ENTERPRISE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM2,080,000 (“PROPOSED ACQUISITION”)

ASIA BIOENERGY TECHNOLOGIES BERHAD

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectASIA BIOENERGY TECHNOLOGIES BERHAD ("ASIABIO" OR "COMPANY")
PROPOSED ACQUISITION BY ASIABIO OF A PIECE OF ONE AND HALF STOREY SEMI-DETACHED FACTORY HELD UNDER ISSUE DOCUMENT OF TITLE H.S.(D) NO. 15720, P.T. NO. 11584, MUKIM KLANG, DAERAH KLANG, NEGERI SELANGOR MEASURING IN AREA OF APPROXIMATELY 1,532.9429 SQUARE METRE (16,501 SQUARE FEET), BEARING POSTAL ADDRESS AT NO. 12, JALAN SELAT SELATAN 21A, SOBENA INDUSTRIAL PARK, 42000 PORT KLANG FROM NEW OUCHEE ENTERPRISE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM2,080,000 (“PROPOSED ACQUISITION”)
ContentsThe Board of Directors of Asia Bioenergy Technologies Berhad is pleased to announce that the Company has on 12 March 2010 entered into a Sale and Purchase Agreement (“SPA”) with New Ouchee Enterprise Sdn Bhd (Company No: 211600-V) of No.12, Jalan Selat Selatan 21A, Sobena Industrial Park, 42000 Port Klang for the acquisition of all that parcel of one and half storey semi-detached factory held under issue document of title H.S. (D) No. 15720, P.T. No. 11584, Mukim Klang, Daerah Klang, Negeri Selangor measuring in area of approximately 1,532.9429 square metre (equivalent to 16,501 square feet), bearing postal address at No.12, Jalan Selat Selatan 21A, Sobena Industrial Park, 42000 Port Klang for a cash consideration of RM2,080,000 (hereinafter referred to as the “Proposed Acquisition”).

The details of the Proposed Acquisition are set out in the attachment below.

Kenanga Investment Bank Berhad is the Sponsor for ASIABIO.

This announcement is dated 12 March 2010.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced12 Mar 2010  
CategoryGeneral Announcement
Reference NoCU-100309-43465



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