Fintec Global Berhad, formerly known as Asia Bioenergy Technologies Berhad, is a technology incubation and investment holding company. The Company's major business activities are categorized into four segments, namely Technology incubation, Portfolio investment, Biotechnology products and Oil & gas services.
FINTEC GLOBAL BERHAD INCUBATEES The Group’s current investment focus is on six key industries: Renewable Energy (VSolar Group Berhad), Engineering (AT Systematization Berhad), Food and Beverage (Focus Dynamics Group Berhad), Financial and Application Technology (NetX Holdings Berhad), Oil and Gas (AsiaBio Petrolelum Sdn Bhd) and Halal Food Production (AsiaBio Capital Sdn Bhd)
Reference is made to the 4 Subscription Agreements dated 1 September 2020 entered into between GPA and the Subscribers (Dato’ Eddie Ong, Ang Lin Chu, Lim Poh Yit and Dato’ Tee Tiam Hock) for the subscription of a total of 294,146,000 Placement Shares to be issued pursuant to the Proposed Private Placement.
On behalf of the Board, Mercury Securities wishes to announce that the Company and the Subscribers have mutually agreed to terminate the Subscription Agreements on 8 October 2020. Following the termination, the Subscription Agreements shall be terminated and rescinded and none of the parties shall have any further rights or obligations whatsoever under the Subscription Agreements save for the surviving provisions in Clause 16.3 of the Subscription Agreements and neither party to the Subscription Agreements shall have any claim whatsoever against the other.
With Tesla coming into the picture, the imminent closure of ATW has been taken completely off the table. All 210 jobs in the company would also be preserved, which should give Tesla and its German workforce a notable boost considering the caliber of ATW’s engineers. Considering that ATW was on the way towards bankruptcy when it was acquired, speculations suggest that Tesla may have received a very good deal in the acquisition.
Reports indicated that ATW’s business partners had received notifications on Tuesday that the company had agreed to be taken over by a manufacturer of electric vehicles from California. Tesla was not specifically named in the communication, though word quickly got around in the industry. A toast in ATW’s Neuwied site was held on Friday as well, in celebration of the takeover from Tesla.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AQVARIO
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Posted by AQVARIO > 2020-10-03 23:38 | Report Abuse
Asiabio n Fintec in house..Same building office.. Standby for goreng.. one sell one buy volume up people follow goreng and die...