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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”)
ContentsWe refer to the announcements dated 10 May 2010 and 16 June 2010 in relation to the Proposed Private Placement.

On behalf of Board of Directors of ABT, Kenanga Investment Bank Berhad is pleased to announce that the number of new ordinary shares of RM0.10 each in ABT (“ABT Shares”) to be issued under the Proposed Private Placement is 25,000,000 (“Placement Shares”) (which represents 10% of ABT’s issued and paid-up share capital as at 31 January 2010).

Based on the five (5)-day VWAP of ABT Shares up to and including 25 June 2010 of RM0.0771, the indicative issue price for the Placement Shares would be RM0.10 per ABT Share i.e. at the par value.

This announcement is dated 28 June 2010.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced28 Jun 2010  
CategoryGeneral Announcement
Reference NoMI-100628-61134



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