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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS ASIA BIOENERGY TECHNOLOGIES BERHAD (“ASIABIO” OR THE “COMPANY”) DISPOSAL OF 1,143,434 ORDINARY SHARES OF RM1.00 EACH IN PLATINUM NANOCHEM SDN BHD (“PNSB”) (REPRESENTING 1.56% OF THE EQUITY INTEREST IN PNSB) BY ASIABIO, TO BIOFUTURES INTERNATIONAL PLC (“BIP”) FOR A TOTAL CONSIDERATION OF £1,471,310, TO BE SATISFIED BY THE ISSUANCE OF 21,018,714 BIP SHARES TO ASIABIO AT THE ISSUE PRICE OF £0.07 PER BIP SHARE (“DISPOSAL”) • PROPOSED SHAREHOLDERS’ RATIFICATION FOR THE DISPOSAL (“PROPOSED RATIFICATION”)

ASIA BIOENERGY TECHNOLOGIES BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionASIA BIOENERGY TECHNOLOGIES BERHAD (“ASIABIO” OR THE “COMPANY”)

DISPOSAL OF 1,143,434 ORDINARY SHARES OF RM1.00 EACH IN PLATINUM NANOCHEM SDN BHD (“PNSB”) (REPRESENTING 1.56% OF THE EQUITY INTEREST IN PNSB) BY ASIABIO, TO BIOFUTURES INTERNATIONAL PLC (“BIP”) FOR A TOTAL CONSIDERATION OF £1,471,310, TO BE SATISFIED BY THE ISSUANCE OF 21,018,714 BIP SHARES TO ASIABIO AT THE ISSUE PRICE OF £0.07 PER BIP SHARE (“DISPOSAL”)

• PROPOSED SHAREHOLDERS’ RATIFICATION FOR THE DISPOSAL (“PROPOSED RATIFICATION”)


Announcement Info

Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO    
Date Announced23 Sept 2013  
CategoryGeneral Announcement
Reference NoOS-130923-4D1D0



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