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ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 118,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN ABT (“ABT SHARES”) REPRESENTING APPROXIMATELY UP TO 30% OF THE ENLARGED ISSUED AND PAID-UP CAPITAL OF ABT (“PROPOSED PRIVATE PLACEMENT”)

ASIA BIOENERGY TECHNOLOGIES BERHAD

TypeAnnouncement
SubjectASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 118,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN ABT (“ABT SHARES”) REPRESENTING APPROXIMATELY UP TO 30% OF THE ENLARGED ISSUED AND PAID-UP CAPITAL OF ABT (“PROPOSED PRIVATE PLACEMENT”)
ContentsOn behalf of the Board of Directors of ABT, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 1 October 2010 (which was received on 4 October 2010), approved the listing of and quotation for up to 118,000,000 new ABT Shares to be issued pursuant to the Proposed Private Placement on the ACE Market of Bursa Securities subject to the following conditions:-

(i) ABT and M&A Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“ACE LR”) pertaining to the implementation of the Proposed Private Placement;

(ii) ABT and M&A Securities to furnish Bursa Securities a certified true copy of the relevant resolution passed by securities holders in the general meeting;

(iii) ABT and M&A Securities to inform Bursa Securities upon completion of the Proposed Private Placement; and

(iv) ABT and M&A Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

This announcement is dated 4 October 2010.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced4 Oct 2010  
CategoryGeneral Announcement
Reference NoOS-101004-1D78B



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