Announcements


Date: 26 March 2018

OTHERS FINTEC GLOBAL BERHAD (f.k.a. Asia Bioenergy Technologies Berhad) ["FINTEC" or "the Company"] - ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS


Type Announcement
Subject OTHERS
Description FINTEC GLOBAL BERHAD (f.k.a. Asia Bioenergy Technologies Berhad) ["FINTEC" 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, FINTEC GLOBAL BERHAD [f.k.a. Asia Bioenergy Technologies Berhad] ("FINTEC" or "the Company") wishes to announce that as at 26 March 2018, the aggregate value of quoted securities acquired and disposed by Asiabio Capital Sdn. Bhd. ("ACSB"), a wholly-owned subsidiary 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 FINTEC'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 FINTEC's latest audited consolidated net assets *

a.

Agregate purchase consideration within the preceding twelve (12) months

26,455,633.93

19.53

     

b.

Agregate sale consideration within the preceding twelve (12) months

20,516,663.50

15.14

   

RM

c.

Investments in quoted securities as at 26 March 2018

 
 

- Total Cost

70,305,351.25

 

- Total Book Value

146,185,279.98

 

- Total Market Value

129,921,708.82

     

d.

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

633,869.01

* After adjusting for completion of Renounceable Rights Issue of Irredeemable Convertible Preference Shares with Warrants on 11 December 2017.

The acquisition and disposal of the quoted securities as announced were made within a period from 7 September 2017 to 26 March 2018.

This announcement is dated 26 March 2018.





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