Asia Bioenergy

Asia Bioenergy

Postby winston » Sat Sep 27, 2014 11:25 am

September 26, 2014

PMB has 6.9% in loss-making Asia Bioenergy

PETALING JAYA: Pelaburan Mara Bhd (PMB), the strategic investment and asset management arm of Majlis Amanah Rakyat, has emerged as a substantial shareholder in loss-making Asia Bioenergy Technologies Bhd with a 6.94% stake.

Asia Bioenergy said in its filing with Bursa Malaysia that PMB cumulatively bought 18.32 million of its shares on the open market, between Sept 17 and Sept 22, at prices ranging from 16.5 sen to 16.7 sen.

Source: The Star
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Re: Asia Bioenergy

Postby winston » Sat Sep 27, 2014 11:28 am

not vested

March 6, 2014

Goldman Sachs sells stake in Asia Bioenergy Techologies Bhd

KUALA LUMPUR: Goldman Sachs International has ceased to be a substantial shareholder of Asia Bioenergy Techologies Bhd after the sale of all its 44.59 million shares.

A filing with Bursa Malaysia showed the 10.61% stake was disposed of on Feb 24.

Last year, Goldman Sachs had bought 9.82 million shares from Sept 27 to Oct 10 to raise its stake then to 10.61%.

Meanwhile, on Wednesday, Bursa Malaysia Securities had issued an unusual market activity query on the recent sharp fall in Asia Bioenergy’s share price.

Source: The Star
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Re: Asia Bioenergy

Postby winston » Sat Sep 27, 2014 11:30 am

February 21, 2014

AsiaBio plans 3 new plants costing RM692.7mil

BY TEE LIN SAY

PETALING JAYA: Asia Bioenergy Technologies Bhd (AsiaBio), via associate Nexfuel Ltd, is targeting to construct up to three fuel production plants costing US$70mil (RM230.9mil) each, and securing the offtakers by the first half of the year. The plants will have a capacity of 10 million gallons each.

AsiaBio is in talks with a couple of plantation companies and is hoping to construct two plants in Johor and one in Pahang. The first plant is targeted to be set up by 2016.

Executive director Looi Kem Loong (pic) told a press conference that funding for the plants would be on a joint basis between AsiaBio and the plantation company it was partnering. AsiaBio was looking to have an equity stake of at least 20% in each plant.

The counter closed up one sen to 13.5 sen on a volume of 15.5 million shares.

Earlier yesterday, AsiaBio signed a plant construction agreement with US-based clean technology company Cool Planet Energy Systems Inc that would allow it to use Cool Planet’s technology to develop fuel production plants in Malaysia.

Cool Planet converts biomass feedstock into oil (high octane RON105) and biochar, a soil enhancer. This is done via a carbon negative process, in which Cool Planet holds some 16 patents.

Nexfuel and Cool Planet intended to use local feedstocks like empty fruit bunches from palm oil mills for the Malaysian plants.

“In the United States, we use pine trees as our biomass. Coming to Malaysia was a natural choice as Malaysia is a mecca for biomass. With our technology, we are no longer subject to the fluctuating prices of oil. Our cost for producing fuel is fixed, at RM1.30 per litre, whereas typical jet fuel is produced at a price of RM3 per litre when oil is at US$90 per barrel,” said Cool Planet vice-president of strategic planning and assistant to the chief executive officer Vital Aelion.

Under the plant construction agreement, Nexfuel will be responsible for the securing of the funding, feedstock permits and the approval required to build the Cool Planet Green Gasoline plants in Malaysia with its identified partners. Cool Planet will receive a royalty from the profits derived from each plant.

“We will secure the offtakers before tying up with the plantation companies to set up the plant. We intend to put biochar into our existing product, a microbe we have branded under the name ‘Artisan’. These microbes are now being sold to Pertubuhan Peladang Kawasan,” said Looi.

Aelion added that potential offtakers for the Malaysian plants were the existing shareholders of Cool Planet.

“They have more or less agreed to take up 100% of the fuel that we produce,” he said.

Shareholders who have funded Cool Planet since its inception five years ago included Google Ventures, British Petroleum, ConocoPhilips, NRG and Exelon, among others, who have put in a collective US$50mil (RM160mil).

For the nine months to Oct 31, 2013, AsiaBio was still in the red with a reduced net loss of RM914,000 from RM2.23mil previously. This was on the back of a 4.9% increase in revenue to RM1.43mil.

Source: The Star
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Re: Asia Bioenergy

Postby winston » Sat Sep 27, 2014 11:31 am

Sep 24, 2013

Asia Bioenergy has proposed a rights issue of one rights share with one free warrant for every one existing share held at an issue price of 10 sen per rights share
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Re: Asia Bioenergy

Postby winston » Sat Sep 27, 2014 11:34 am

not vested

April 18, 2013

AT, Asia Bioenergy sign supply agreement

PETALING JAYA: AT Systemization Bhd and Asia Bioenergy Technologies Bhd have inked a pact to jointly supply biotechnology solutions to schools, government bodies, military bases, national service camps, colleges and universities in Malaysia, involving the conversion of food waste into organic fertiliser.

The value of the deal, however, was not disclosed.

According to filings with the stock exchange, Penang-based AT Systemization had submitted, via wholly owned subsidiary Engineering Solution Sdn Bhd, a proposal to the Education Ministry for the implementation of a composting system in Malaysian schools.

AT Systemization fabricates industrial and engineering parts as well as designing and manufacturing industrial automation systems and machinery, while Asia Bioenergy is involved in the incubation of companies, especially in green technologies such as renewable energy and biotechnology.

Under the agreement, AT Systemization is responsible for the fabrication, manufacture and maintenance of the composting machinery. It will also secure the approvals of the relevant ministries and contract orders for the project.

On its part, Asia Bioenergy, via unit Hexa Bonanza Sdn Bhd, will provide the microbial solutions used to convert the food waste into fertiliser as well as the identification of the composting machinery design for AT Systemization.

The collaboration agreement will be in effect until a definitive agreement is signed within three months.

Both AT Systemization and Asia Bioenergy, listed on the ACE Market, were loss-making as at their latest quarter.

AT Systemization sank into the red in its third quarter ended Nov 30 with a net loss of RM2.69mil from a net profit of RM204,000 a year before. It posted a 27.7% dip in revenue to RM6.61mil.

Asia Bioenergy saw its net loss narrow to RM458,000 from RM916,000 in the three months to October, while revenue plunged 81.7% to RM274,000 from RM1.5mil.

Both counters closed near their one-year lows yesterday, with AT Systemization finishing up one sen to 11 sen, while Asia Bioenergy was unchanged at 6.5 sen on heavy trade.

Source: The Star
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