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

ASIA BIOENERGY TECHNOLOGIES BERHAD

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

PRIVATE PLACEMENT OF UP TO 118,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN ABT (“PLACEMENT SHARES”) REPRESENTING APPROXIMATELY UP TO 30% OF THE ENLARGED ISSUED AND PAID-UP CAPITAL OF ABT (“PRIVATE PLACEMENT”)
ContentsOn behalf of the Board of Directors of ABT, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that the Company has fixed the issue price of the Placement Shares at RM0.10 per Placement Share to be issued pursuant to the Private Placement.

The aforementioned issue price of RM0.10 per Placement Share represents a premium of approximately RM0.04 or 66.7% from the five (5)-day weighted average market price of ABT from 3 December 2010 to 10 December 2010 of approximately RM0.06 per share.

This announcement is dated 13 December 2010.


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced13 Dec 2010  
CategoryGeneral Announcement
Reference NoOS-101213-56326



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