Announcements


Date: 21 September 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR "THE COMPANY") - DISPOSAL OF SHARES IN T7 GLOBAL BERHAD


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR "THE COMPANY") - DISPOSAL OF SHARES IN T7 GLOBAL BERHAD

The Board of Directors of Asia Bioenergy Technologies Berhad ("ABT" or "the Company") wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. that is principally involved in the trading of marketable securities has from 4 May 2017 to 19 September 2017 disposed its entire 2.33% or 8,884,600 ordinary shares of T7 Global Berhad (formerly known as Tanjong Offshore Berhad) ("T7G") for an aggregate cash consideration of RM3.645 million ("Consideration") through the open market (hereinafter referred to as the "Disposal").

Please refer to the attachment below for more details.



 


ATTACHMENT

- ABT - Chapter 10 (Disposal of shares in T7 Global Berhad) - 21.09.2017.pdf

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