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Change in Audit Committee

ASIA BIOENERGY TECHNOLOGIES BERHAD

Admission Sponsor

Kenanga Investment Bank Bhd
SponsorSame as above
Date of change31/01/2011
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
NameLooi Kem Loong
Age36
NationalityMalaysian
Qualifications1) Members of Malaysian Institute of Accountants
2) Associate Member of Institute of Chartered Accountants in England & Wales
3) Bachelor of Arts in Accounting and Finance (University of Strathclyde)
Working experience and occupation Mr Looi completed his articleship with an internationally affiliated audit firm wherein he gained valuable financial experience especially in special corporate assignments and group consolidations. He joined the corporate finance department of AmMerchant Bank Berhad until he left as manager to join Newfields Advisors Sdn. Bhd. ("Newfields"), an investment advisory company as Vice President. Subsequently, he joined a corporate services company shortly after leaving Newfields before forming Asia Bioenergy Research Sdn. Bhd. in 2006.

He has extensive corporate finance experience covering activities such as initial public offerings, cross-border restructuring, debt restructuring and other corporate proposals for public listed companies.
Directorship of public companies (if any)Nil
Family relationship with any director and/or major shareholder of the listed issuerMr Looi is the nephew of Mr Choy Kok Onn, a former Director and a major shareholder of the Company.
Any conflict of interests that he/she has with the listed issuerNil
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 733 (negligible) ordinary shares of RM0.10 each and indirect interest of 10,627,083 ordinary shares of RM0.10 each in the capital of the Company, via his interest in Platimas Sdn. Bhd.
Composition of Audit Committee (Name and Directorate of members after change)1. Major Huan Cheng Guan (Chairman) - Independent Non-Executive Director
2. Lim Kim Chu (Member) - Independent Non-Executive Director
3. Looi Kem Loong (Member) - Non-Independent Non-Executive Director


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced31 Jan 2011  
CategoryChange in Audit Committee
Reference NoCU-110125-70618



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