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Friday, September 26, 2014

Pelaburan Mara emerged in loss-making Asia Bioenergy Technologies Bhd (Edge)

Pelaburan Mara Bhd has emerged in loss-making Asia Bioenergy Technologies Bhd — a business incubator for biofuel producers.
A filing with Bursa Malaysia showed that Pelaburan Mara bought 18.32 million shares or a 2.18% stake in Asia Bioenergy on the open market, on Sept 17.

No price was included in the filing. However, Bloomberg data showed Asia Bioenergy was traded in the range of nine sen and 10.5 sen on the said date.

With the purchase, Pelaburan Mara now holds 58.32 million or 6.94% Asia Bioenergy shares.

Pelaburan Mara has recently attracted attention, with its investments into penny stocks such as PDZ Holdings Bhd and Sanichi Technology Bhd.

Asia Bioenergy closed 0.5 sen higher at 17.5 sen, with a market capitalisation of RM147 million.

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