Announcements


Date: 19 September 2017

SUBSCRIPTION OF RIGHTS AND EXCESS SHARES OF MLABS SYSTEMS BERHAD ("MLABS") PURSUANT TO RULE 9.19(26) AND RULE 10.06 OF THE ACE MARKET LISTING REQUIREMENTS ("SUBSCRIPTION")


Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-18092017-00002
Subject SUBSCRIPTION OF RIGHTS AND EXCESS SHARES OF MLABS SYSTEMS BERHAD ("MLABS") PURSUANT TO RULE 9.19(26) AND RULE 10.06 OF THE ACE MARKET LISTING REQUIREMENTS ("SUBSCRIPTION")
Description ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") - SUBSCRIPTION OF RIGHTS AND EXCESS SHARES OF MLABS SYSTEMS BERHAD (MLABS) PURSUANT TO RULE 9.19(26) AND RULE 10.06 OF THE ACE MARKET LISTING REQUIREMENTS
Query Letter Contents

We refer to your Company's announcement dated 15 September 2017, in respect of the aforesaid matter.

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

1.        The breakdown of the 75,100,000 MLABS shares acquired between number of shares subscribed via rights and excess shares respectively.

2.        The percentage of shareholdings held in MLABS before and after the Subscription.

3.        The highest percentage ratios for subscription via excess shares only.

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

Yours faithfully,

 

TAN YEW ENG
Vice President, Issuers
Listing, Regulation

TYE/NZ

Cc : Market Surveillance Dept. , Securities Commission (via fax)

We refer to the announcement dated 15 September 2017 and query letter from Bursa Malaysia Securities Berhad dated 18 September 2017 (Ref.: IQL-18092017-00002) and furnish herewith the following:-

 

 

1.

The breakdown of the 75,100,000 MLABS shares acquired between number of shares subscribed via rights and excess shares respectively is as follows:-

 

 

 

Type

No. of MLABS shares

Rights

*100,000

Excess

75,000,000

 

 

*    Via purchase of rights

 

2.

The percentage of shareholdings held in MLABS before and after the Subscription is as follows:-

 

 

Type

% shareholding in MLABS

Before

 -

After

13.16%

 

 

Notes:-

a.      Prior to the Subscription, ABT does not own any shares in MLABS.

b.      ABT acquired the subscription rights to 100,000 shares via the open market for a consideration of RM500 on 21 August 2017. 

c.       ABT then subscribed for its entitlement to 100,000 shares and 75,000,000 excess shares at a price of RM0.15 per MLABS share.

 

3.

The highest percentage ratio for subscription, which includes the consideration paid for purchasing the subscription rights via the open market, the consideration paid for the subscription of its entitlement to 100,000 shares, and the consideration paid for the subscription of 75,000,000 excess shares, is 21.25%.

 

 

This announcement is dated 19 September 2017.




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