Announcements


Date: 25 August 2017

MEMORANDUM OF UNDERSTANDING ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") - STATUS UPDATE ON MEMORANDUM OF INTENT WITH RANGKAIN ILTIZAM SDN. BHD.


Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") - STATUS UPDATE ON MEMORANDUM OF INTENT WITH RANGKAIN ILTIZAM SDN. BHD.

With reference to the announcement made on 23 August 2017 pertaining to the status update on the Memorandum of Intent ("MOI") with Rangkain Iltizam Sdn. Bhd. ("RISB") to work together to extend the basis for commercial collaboration and co-operative exchanges between the Company and RISB, the Board of Directors of ABT wishes to clarify that ABT has on 8 August 2017 novated the MOI to Vsolar Group Berhad, an investee company of ABT.

Further to the novation of the MOI, VSolar Group Berhad together with its wholly-owned subsidiary, VSolar Engineering Sdn. Bhd., had on 8 August 2017 entered into an Investment and Shareholders' Agreement with Kenneth Lee Wai Tong, KRU Energy Asia Pte. Ltd. and RISB.

This announcement is dated 25 August 2017.





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