Posted by Flybythenite > 2016-02-15 22:49 | Report Abuse

Can explain why reduce paid up share capital is pretty good?

ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR "COMPANY") CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:

PART A PROPOSED REDUCTION OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 INVOLVING THE CANCELLATION OF RM0.05 OF THE EXISTING PAR VALUE OF THE ORDINARY SHARES OF RM0.10 EACH IN ABT TO RM0.05 EACH IN ABT;

PART B PROPOSED RATIFICATION FOR THE UTILISATION OF PROCEEDS FROM THE RIGHTS ISSUE WHICH WAS COMPLETED ON 28 APRIL 2014

Posted by asahmad > 2016-02-16 12:45 | Report Abuse

Up soon...................

Jolin Lai Chi Pet : will be next XOX style.................

Posted by ggecko > 2016-02-16 15:36 | Report Abuse

SUN NEWS: Asia Bioenergy Technologies Bhd (AsiaBio) expects to better its performance in the current financial year ending March 31, 2016, as the group is actively managing its investments.

AsiaBio, which focuses on incubating start-up technology companies, particularly in the bio-energy sector, currently holds investments in Vsolar Group Bhd, Focus Dynamics Technologies Bhd, NetX Holdings Bhd and Carimin Petroleum Bhd.

“We have already reached our maximum in terms of investing in these companies. Right now we are looking at managing the investments, rather than making a new investment,” its executive director Steve Tan Sik Eek told reporters after its EGM yesterday.

“We are planning to turn them (the companies) around or at least give them an additional boost for the coming year. The plan is to move the companies to the next level, but it is hard to say on how well we will be doing going forward,” he added.

Given the current market scenario, Tan said it is a good time to look at recalibrating some of the strategies of the companies and cleaning up its business.

On prospects, Tan said he expects this year to be very challenging given the volatility of the market and current economic conditions.

“However we still think that the government’s commitment on the renewable energy sector is actually a very positive outlook,” Tan added.

AsiaBio registered a net loss of RM15.13 million for the second quarter ended Sept 30, 2015 (Q2FY16), with a revenue of RM10,000.

For the first six months, the group reported a net loss of RM25.32 million, with a revenue of RM6.48 million.

At the EGM, shareholders approved the company’s proposed reduction of its issued and paid-up share capital, through the cancellation of 5 sen of the par value of the ordinary shares of 10 sen each in the company to 5 sen each.

Shareholders also approved its proposed ratification for the utilisation of proceeds from the rights issue which was completed on April 28, 2014.

Posted by jingchou > 2016-02-16 18:23 | Report Abuse

asiabio no more inverst in AT ?

Posted by smartinv > 2016-02-19 21:58 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5003933

Posted by 8888 > 2016-02-19 23:17 | Report Abuse

Good news ????

Posted by Jolin Lai Chi Pet > 2016-02-25 08:03 | Report Abuse

good report......................... that's why i say buy this good stock!!!!!!!

Posted by jenn > 2016-02-25 08:15 | Report Abuse

营业额才九十一千！怎么可能可以赚到七百多万呢？是不是有什么出错呢？还是亏钱报错赚钱！小心！小心哦！！！！！！

Posted by ggecko > 2016-02-25 14:56 | Report Abuse

asiabio wakes up from hybernation! laotze is correct.. son wa is still lagging behind though at 2 sen..

Posted by cindy > 2016-02-25 15:14 | Report Abuse

finally asiabio wakes up

Posted by ggecko > 2016-02-25 15:15 | Report Abuse

yes cindy u saw what i saw.. and the 2 & 1 batang wa at 2.5 sen, undervalued..

Posted by ggecko > 2016-02-25 16:09 | Report Abuse

went in at 2 sen; am a supporter of the counter.. top 30..

Posted by alex3388 > 2016-02-25 16:13 | Report Abuse

waiting to die............................

Posted by smartinv > 2016-02-25 19:16 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5007801

Posted by cindy > 2016-02-25 22:24 | Report Abuse

Aiyo Alex gv face ma.baru warm up leh

Posted by ggecko > 2016-02-25 22:27 | Report Abuse

it's OK Cindy.. we can prepare coffin if 'waiting to die.......'

Posted by Gedebee > 2016-02-25 22:36 | Report Abuse

will up..uhuk..uhuk..uhuk

Posted by ggecko > 2016-02-25 22:51 | Report Abuse

yes gedebe.. u r very gedebe.. I know what your nickname stands for.. u r very gung ho about asiabio.. gud

Posted by BeatIt > 2016-02-25 22:59 | Report Abuse

Do u guys know asiabio also invested in these co:
Vsolar, Focus, NetX and Carimin Petroleum Bhd.

Buy one, get 5. No good?

Posted by Gedebee > 2016-02-25 23:01 | Report Abuse

yes..yes...yes....10c ...coming...uhuk

Posted by ggecko > 2016-02-25 23:05 | Report Abuse

yes beatit, pls refer to my previous posting on this .. reproduce article from the sun business column..

Posted by Gedebee > 2016-02-25 23:11 | Report Abuse

good...5 ha for u

Posted by BeatIt > 2016-02-25 23:22 | Report Abuse

I don't mind picking up a 5 sen stock comprising 5 very diversified co s just to keep... Hehehhh...

Posted by BeatIt > 2016-02-27 10:32 | Report Abuse

I'm curious, where Asiabio has so much money to buy up so many ace ctrs.... Hehee..l anyone knows?

Posted by smartinv > 2016-03-03 18:53 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5020557

Posted by Fatsen Cfs > 2016-03-10 09:25 | Report Abuse

What businesses they doing?

Posted by Jolin Lai Chi Pet > 2016-03-10 12:47 | Report Abuse

very bright future business.................

Posted by naaim207 > 2016-03-10 16:50 | Report Abuse

jolin, i hope the price can move upwards too

Posted by Mars > 2016-03-18 07:27 | Report Abuse

Asiabio must do something to help the farmers..

http://www.thestar.com.my/news/nation/2016/03/18/planting-season-delayed-all-ready-to-till-the-soil-except-theres-just-no-water/

http://www.sharetisfy.com/2014/08/asiabios-probiotic-rice-ing-star.html

Posted by peja87 > 2016-03-18 10:22 | Report Abuse

Zzzzzzzz

Posted by asahmad > 2016-03-18 12:35 | Report Abuse

AsiaBio’s ProBiotic a rice-ing star

RESEARCH and development (R&D) incubator, Asia Bioenergy Technologies Bhd (AsiaBio), has developed a new microbial supplement for the rapid growth of plants, in a bid to curb the country’s over-reliance on food imports.

The supplement, called the “Plant ProBiotic Tumbuhan 2 in 1” (ProBiotic), which took two years to develop, has been proven to promote the growth of plant.

Treated plants show significant improvement nutrient absorption rate and have better root development. The supplement also improves soil conditions and helps get rid of antagonistic bacteria while improving yields and crop quality.

For the last two years, AsiaBio has been using ProBiotic on padi fields belonging to Pertubuhan Peladang Kawasan (PPK) Kampung Pelet and PPK Lahar Bubur, both in Penang, and the results have been significant.

“We used ProBiotic in Lahar Bubur in the first half of last year and not only did we manage to increase the yields by 108 per cent, the padi matured a month faster, meaning quicker harvest time and bigger profit,” said AsiaBio executive director Looi Kem Loong.

Experiments in different parts of the country have shown similar results, with Kampung Rama in Perlis registering an 88 per cent increase in yields — from 4,440kg of harvested crop to 8,300kg the following season.

“We see this technology as the way of the future and we intend to introduce this product to more farmers and food producers. It will help Malaysia’s food production in the long run,” said Steve Tan, who is also an AsiaBio executive director.

The firm has a lone production line at its Penang factory and is able to produce up to 1.5 tonnes of ProBiotic a month. It is looking to add four more production lines within 36 months.

“We have RM42 million worth of funds, so funding the production line is not an issue. The issue is in finding the markets for the supplement,” said Looi, adding that the firm intends to market its products domestically.

“Right now, we are looking at ways of getting promotional backing from the Agriculture and Agro-based Industries Ministry and the National Farmers Organisation, but this may take a while.”

However, both Looi and Steve
are quite confident in getting the government’s backing in marketing ProBiotic to farmers nationwide, considering its proven benefits and the leadership of AsiaBio chairman Datuk Nur Jazlan Mohamed.

“We know that we have a working product that’s capable of yielding significant results. We also have the funding to increase our production capacity.

“We are waiting to get the market we need to push ProBiotic forward and that’s where we need the government’s backing the most,” said Tan.

AsiaBio was listed in 2009 as one of the five incubator companies, alongside OSK Ventures International Bhd and MCM Technologies Bhd, which is part of the AmCorp group of companies.

Revenue from ProBiotic is expected to become significant in the long term. It is currently being distributed by AsiaBio’s partner company, Artisan.

Posted by alex chua > 2016-03-19 12:02 | Report Abuse

Buy

Posted by Jolin Lai Chi Pet > 2016-03-21 08:17 | Report Abuse

Definitely a buy for this stock!!!!!!!!!!!!!!!!!!!!!!

Posted by peja87 > 2016-03-21 11:08 | Report Abuse

Buy buy buy n wait for 2020

Posted by superfly > 2016-03-21 11:15 | Report Abuse

asiabio,nexgram,apft,sumatec,sanichi,kinsteel..ini semua karut je..memang ler murah,penny konter,sape yg baru masuk belajar saham,memang bersih ler duit kou,kena rembat ngan konter2 ni..haha..spender pun tak mampu beli kat bundle nanti.

Posted by Jolin Lai Chi Pet > 2016-03-21 12:28 | Report Abuse

it will reach 50cents by 2020 for sure!!!!!!

Posted by alex chua > 2016-03-21 16:59 | Report Abuse

bye bye asiabio, sellll

Posted by peja87 > 2016-03-22 00:18 | Report Abuse

Sell sell sell

Posted by scarlet > 2016-03-22 07:28 | Report Abuse

Dont know to hold or sell. Really getting anxious. So long at 4.5 -5sents... can asiabio ever recover?

Posted by Jolin Lai Chi Pet > 2016-03-22 07:32 | Report Abuse

yes! it will recover soon............. patient is the key to success!!!!

Posted by ash8790 > 2016-03-22 18:51 | Report Abuse

pundek..this counter loss 50% sell it

Posted by alex chua > 2016-03-23 08:22 | Report Abuse

buy buy before late

Posted by peja87 > 2016-03-30 11:21 | Report Abuse

Sell sell sell faster

Posted by Ompmh > 2016-04-04 09:46 | Report Abuse

Peja87' why u ask people to sell????

Posted by jackypg > 2016-04-06 01:28 | Report Abuse

still got chance up?

Posted by asahmad > 2016-04-08 14:36 | Report Abuse

sure up one day.......wait and see

Posted by alex chua > 2016-04-11 22:25 | Report Abuse

Sure up month may

Posted by 8888 > 2016-04-12 18:37 | Report Abuse

How u know May up???

Posted by asahmad > 2016-04-13 16:18 | Report Abuse

I think so....up soon.

Posted by 8888 > 2016-04-13 18:44 | Report Abuse

Tukang karut ????