PMB has 6.9% in loss-making Asia Bioenergy

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.