Announcements


Date: 26 March 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FINTEC GLOBAL BERHAD (f.k.a. Asia Bioenergy Technologies Berhad) ["FINTEC" or "the Company"] - ACQUISITION OF SHARES IN FOCUS DYNAMICS GROUP BERHAD


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description FINTEC GLOBAL BERHAD (f.k.a. Asia Bioenergy Technologies Berhad) ["FINTEC" or "the Company"] - ACQUISITION OF SHARES IN FOCUS DYNAMICS GROUP BERHAD

The Board of Directors of FINTEC GLOBAL BERHAD [f.k.a. Asia Bioenergy Technologies Berhad] ("FINTEC" or "the Company") wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. ("ACSB") that is principally involved in the trading of marketable securities has over the past twelve months  acquired in aggregate 12.74% or 128,622,233 shares of Focus Dynamics Group Berhad ("FOCUS") for an aggregated sum of RM7.41 million.  The shares were acquired through the purchase of 18,836,400 units of shares from the open market for RM1.92 million in cash as well as the exercise of 109,785,833 warrant 2014/2019 of FOCUS that was held by ACSB for RM5.49 million in cash (hereinafter referred to as the "Acquisition").

Please refer to the attachment below for more details.



 


ATTACHMENT

- Announcement - Chapter 10 (Acquisition of shares in FOCUS) - 26.03.2018.pdf

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