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Circular/Notice to Shareholders

ASIA BIOENERGY TECHNOLOGIES BERHAD

Admission SponsorKenanga Investment Bank Bhd
SubjectCIRCULAR TO SHAREHOLDERS IN RELATION TO THE

(I) PROPOSED DISPOSAL OF 5,000,000 ORDINARY SHARES OF RM1.00 EACH IN
GRAND INIZIO SDN BHD ("GI"), REPRESENTING 19.31% EQUITY INTEREST IN GI
HELD BY ASIA BIOENERGY RESEARCH SDN BHD ("ABR"), A WHOLLY-OWNED
SUBSIDIARY OF ABT TO MLABS SYSTEMS BERHAD ('MLABS") FOR A TOTAL
CONSIDERATION OF RM15,366,795, TO BE SATISFIED VIA THE ISSUANCE OF
153,667,950 NEW ORDINARY SHARESOF RM0.10 EACH IN MLABS TO ABR

(II) PROPOSED PRIVATE PLACEMENTOF UP TO 118,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN ABT REPRESENTING APPROXIMATELY UP TO 30.03% OF THE ENLARGED ISSUED AND PAID-UP CAPITAL OF ABT

Attachments

ASIABIO-Circular.pdf
1877 KB






Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced14 Oct 2010  
CategoryDocument Receipt
Reference NoJM-101014-52972



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