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 11 April 2017, the aggregate value of quoted securities purchased 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 exceed 5% of ABT’s latest audited consolidated net assets as at 31 March 2016. The details of the investment in the quoted securities are as follows:-
Investments in quoted securities as at 11 April 2017
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY") PROPOSED SHARE CONSOLIDATION
We refer to the Company’s announcement dated 17 April 2017 in relation to the Proposed Share Consolidation.
On behalf of the Board, Mercury Securities wishes to announce that the application in relation to the Proposed Share Consolidation has been submitted to Bursa Securities today.
Why share consolidation is bad news? Its good move at a time foreign funds coming back,oil price above 50usd, no of share reduced so manipulation will be difficult and most shares rise after consolidation. Now price is only 5cents compare nta 3.9cents.so risk is low.if u already holding for 1year,why not wait until consolidation.
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powerrangerhuat
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Posted by powerrangerhuat > 2017-03-30 22:45 | Report Abuse
Hehehe..pillai65 the self claim warrent buffet is back...lol