Announcements


Date: 14 July 2017

OTHERS ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") - SUBSCRIPTION OF PRIVATE PLACEMENT SHARES OF DGB ASIA BERHAD ("DGB") PURSUANT TO RULE 9.19(26) OF THE ACE MARKET LISTING REQUIREMENTS


Type Announcement
Subject OTHERS
Description ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") - SUBSCRIPTION OF PRIVATE PLACEMENT SHARES OF DGB ASIA BERHAD ("DGB") PURSUANT TO RULE 9.19(26) OF THE ACE MARKET LISTING REQUIREMENTS

Further to the Company's announcement dated 13 July 2017, the Board of Directors of the Company wishes to clarify that item 2.3 - Basis of Arriving At the Consideration, should be read as follows:-

"The Consideration was determined after fixing the issue price of RM0.03762 per Placement Share on 6 July 2017 which is calculated based on a representation of 10% discount of 10.0% to the 5-day Volume Weighted Average Price of DGB Shares of RM0.0418 which amounts to a total consideration of RM1,839,618.00."

This announcement is dated 14 July 2017.





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