General Announcement

Reference No AA-110401-66323

Company Name	:	ASIAEP BHD (ACE Market)
Stock Name	:	ASIAEP
Date Announced	:	01/04/2011

Type

Announcement

Subject

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description

PROPOSED ACQUISITION OF 41% EQUITY INTEREST IN GLOBAL MINERAL TECHNOLOGY SDN BHD [“GMT”] BY ASIAEP BERHAD [“ASIAEP” OR “COMPANY”] FROM EACH OF THE SHAREHOLDERS OF GMT [COLLECTIVELY REFERRED TO AS THE “VENDORS”] IN THE PROPORTION AND MANNER AS STATED HEREIN FOR A PURCHASE CONSIDERATION OF RM3 MILLION TO BE SATISFIED BY RM1 MILLION IN CASH AND ISSUANCE OF 20 MILLION NEW ASIAEP ORDINARY SHARES [“PROPOSED ACQUISITION”]

Please refer to attached for the details of the announcement.

Attachments

ANNOUNCEMENT AsiaEP - Ore Investment.doc