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ASIA Bioenergy Technologies Berhad Announces Proposed Disposal Of 28% Equity Interest In eCompazz IT Sdn Bhd

Thursday, 17 Jan 2013 05:37am EST 

ASIA Bioenergy Technologies Berhad (ABT) announced that the Company, as the Vendor, has on January 17, 2013 entered into a Share Sale Agreement (SSA) with Lim Hai Teng and Lim Cheow Chuen as the Purchasers, for the disposal of a 28% equity stake in eCompazz IT Sdn Bhd (eCompazz) comprising 84,000 ordinary shares of MYR1.00 each (Sale Shares) for a cash consideration sum of MYR6,000,000 (Purchase Price) (Proposed Disposal). Upon completion of the Proposed Disposal, ABT's equity stake in eCompazz shall be reduced from 33.83% to 5.83%. 

Company Quote

-0.0050 -5.88%
14 Jul 2014