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ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ABT ("PROPOSED PRIVATE PLACEMENT")

ASIA BIOENERGY TECHNOLOGIES BERHAD

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ABT ("PROPOSED PRIVATE PLACEMENT")
ContentsOn behalf of the Board of Directors of ABT ("Board"), Kenanga Investment Bank Berhad ("KIBB") wishes to announce that the Company is proposing to implement a placement of new ordinary shares of RM0.10 each in ABT ("ABT Shares" or "Shares") of not more than 10% of its issued and paid-up share capital to investors to be identified ("Placement Shares") ("Proposed Private Placement").

Further details on the Proposed Private Placement are set out in the attachment below.

This announcement is dated 10 May 2010.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced10 May 2010  
CategoryGeneral Announcement
Reference NoMI-100510-59469



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