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ASIA BIOENERGY TECHNOLOGIES BERHAD (“ABT” OR THE “COMPANY”) PROPOSED DISPOSAL BY ABT OF A PIECE OF ONE AND HALF STOREY SEMIDETACHED FACTORY HELD UNDER ISSUE DOCUMENT OF TITLE H.S. (D) NO. 15720, P.T. NO. 11584, MUKIM KLANG, DAERAH KLANG, NEGERI SELANGOR MEASURING IN AREA OF APPROXIMATELY 1,532.94 SQUARE METER (16,501 SQUARE FEET), BEARING POSTAL ADDRESS AT NO.12, JALAN SELAT SELATAN 21A, SOBENA INDUSTRIAL PARK, 42000 PORT KLANG TO FANCY BOUNTY SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM2,300,000 (“PROPOSED DISPOSAL”)

ASIA BIOENERGY TECHNOLOGIES BERHAD

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNS-111010-44523
SubjectASIA BIOENERGY TECHNOLOGIES BERHAD (“ABT” OR THE “COMPANY”)

PROPOSED DISPOSAL BY ABT OF A PIECE OF ONE AND HALF STOREY SEMIDETACHED FACTORY HELD UNDER ISSUE DOCUMENT OF TITLE H.S. (D) NO. 15720, P.T. NO. 11584, MUKIM KLANG, DAERAH KLANG, NEGERI SELANGOR MEASURING IN AREA OF APPROXIMATELY 1,532.94 SQUARE METER (16,501 SQUARE FEET), BEARING POSTAL ADDRESS AT NO.12, JALAN SELAT SELATAN 21A, SOBENA INDUSTRIAL PARK, 42000 PORT KLANG TO FANCY BOUNTY SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM2,300,000 (“PROPOSED DISPOSAL”)
DescriptionWe refer to the query letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 10 October 2011 and the Company’s announcement dated 7 October 2011 in relation to the Proposed Disposal.

Further details of the Company's replies to Bursa Securities are set out in the attachment.
Query Letter Contents We refer to your Company's announcement dated 7 October 2011 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-

1. The approximate area of the one and half storey semi-detached factory.
2 The effect of the Proposed Disposal on earning per share of Asia Bioenergy
Technologies Berhad ("ABT") Group.
3. The net assets per share of the ABT Group before and after the Proposed
Disposal.
4. The net book value of the property based on ABT's latest audited accounts.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully


TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/NZ

c.c:- General Manager & Head, Market Surveillance Department, Market
Supervision Buisness Group, Securities Commission (via fax)


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced10 Oct 2011  
CategoryGeneral Announcement
Reference NoMI-111010-61493



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