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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS ASIA BIOENERGY TECHNOLOGIES BERHAD (“ASIABIO” OR THE “COMPANY”) • DISPOSAL BY ASIABIO OF THE ENTIRE STAKE IN ASIABIO ZYMESCIENCE SDN BHD, COMPRISING 100,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 100% EQUITY STAKE, TO XS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION AMOUNT OF RM2; • DISPOSAL BY ASIABIO OF ITS ENTIRE STAKE IN ASIABIO ZYME SOLUTIONS SDN BHD, COMPRISING 3,729,200 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 79.68% EQUITY STAKE, TO XS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION AMOUNT OF RM4,000,000; AND • DISPOSAL BY HEXA BONANZA SDN BHD, A WHOLLY OWNED SUBSDIARY OF ASIABIO, OF THE ENTIRE STAKE IN ASIABIO ZYME ENGINEERING SDN BHD, COMPRISING 100,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 100% EQUITY STAKE, TO XS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION AMOUNT OF RM50,000.

ASIA BIOENERGY TECHNOLOGIES BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionASIA BIOENERGY TECHNOLOGIES BERHAD (“ASIABIO” OR THE “COMPANY”)
• DISPOSAL BY ASIABIO OF THE ENTIRE STAKE IN ASIABIO ZYMESCIENCE SDN BHD, COMPRISING 100,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 100% EQUITY STAKE, TO XS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION AMOUNT OF RM2;
• DISPOSAL BY ASIABIO OF ITS ENTIRE STAKE IN ASIABIO ZYME SOLUTIONS SDN BHD, COMPRISING 3,729,200 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 79.68% EQUITY STAKE, TO XS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION AMOUNT OF RM4,000,000; AND
• DISPOSAL BY HEXA BONANZA SDN BHD, A WHOLLY OWNED SUBSDIARY OF ASIABIO, OF THE ENTIRE STAKE IN ASIABIO ZYME ENGINEERING SDN BHD, COMPRISING 100,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 100% EQUITY STAKE, TO XS CAPITAL SDN BHD FOR A TOTAL CASH CONSIDERATION AMOUNT OF RM50,000.

Attachments

Announcement-Disposals.pdf
321 KB



Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced31 Jul 2012  
CategoryGeneral Announcement
Reference NoCK-120731-57688



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