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ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR "THE COMPANY") PROPOSED ACQUISITION BY ABT OF 20% EQUITY INTEREST OF ECOMPAZZ IT SDN BHD ("ECOMPAZZ") COMPRISING 60,000 ORDINARY SHARES OF RM1.00 EACH FOR A CASH CONSIDERATION OF RM3,500,000 ("PROPOSED ACQUISITION").

ASIA BIOENERGY TECHNOLOGIES BERHAD

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

PROPOSED ACQUISITION BY ABT OF 20% EQUITY INTEREST OF ECOMPAZZ IT SDN BHD ("ECOMPAZZ") COMPRISING 60,000 ORDINARY SHARES OF RM1.00 EACH FOR A CASH CONSIDERATION OF RM3,500,000 ("PROPOSED ACQUISITION").
ContentsWith reference to the announcement made on 18 November 2010, on behalf of the Board of Directors of Asia Bioenergy Technologies Berhad, Kenanga Invesment Bank Berhad is pleased to announce that the Proposed Acquisition is completed as at the date of this announcement.

This announcement is dated 1 December 2010.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced1 Dec 2010  
CategoryGeneral Announcement
Reference NoMI-101201-65680



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