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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS ASIA BIOENERGY TECHNOLOGIES BERHAD (“ABT” OR THE “COMPANY”) PROPOSED ACQUISITION BY ABT OF 19.99% EQUITY INTEREST OF OVAL ALLIANCE SDN BHD (“OVAL”) COMPRISING 500,000 ORDINARY SHARES OF RM1.00 EACH FOR A CASH CONSIDERATION OF RM2,500,000 (“PROPOSED ACQUISITION”)

ASIA BIOENERGY TECHNOLOGIES BERHAD

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionASIA BIOENERGY TECHNOLOGIES BERHAD (“ABT” OR THE “COMPANY”)

PROPOSED ACQUISITION BY ABT OF 19.99% EQUITY INTEREST OF OVAL ALLIANCE SDN BHD (“OVAL”) COMPRISING 500,000 ORDINARY SHARES OF RM1.00 EACH FOR A CASH CONSIDERATION OF RM2,500,000 (“PROPOSED ACQUISITION”)


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced30 Jun 2011  
CategoryGeneral Announcement
Reference NoMI-110630-63778



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