Announcements


Date: 21 September 2017

OTHERS ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") -ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS


Type Announcement
Subject OTHERS
Description ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" or "the Company") -ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS

Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Asia Bioenergy Technologies Berhad ("ABT" or "the Company") wishes to announce that as at 19 September 2017, the aggregate value of quoted securities disposed by Asiabio Capital Sdn. Bhd. ("ACSB"), a wholly-owned subsidiaries of the Company, that is principally involved in the investment in marketable securities, that has not been announced for the preceding twelve (12) months has exceeded 5% of ABT's latest audited consolidated net assets as at 31 March 2017. The details of the investment in the quoted securities are as follows:-

 

 

 

RM

% of ABT's latest audited consolidated net assets

a.

Aggregate purchase consideration within the preceding twelve (12) months

0.00

0.00

 

 

 

b.

Aggregate sale consideration within the preceding twelve (12) months

3,921,706.92

7.40

   

RM

c.

Investments in quoted securities as at 20 September 2017

 
 

- Total Cost

63,262,676.60

 

- Total Book Value

105,802,665.60

 

- Total Market Value

105,479,090.40

     

d.

Net profit arising from the sale of quoted securities by ABT Group during the current financial year ending 31 March 2018
(Sales proceeds less investment cost and incidental expenses)

17,122.39

 

The disposal of the quoted securities as announced were made within a period between 4 May 2017 to 19 September 2017.

 

This announcement is dated 21 September 2017.





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