We refer to the Company's announcements dated 27 January 2011, 8
February 2011, 10 February 2011, 14 February 2011,3 March 2011, 8
March 2011, 22 April 2011, 27 April 2011, 24 May 2011, 25 May 2011,
28 July 2011 and 29 July 2011 in respect of the Proposed Private
Placement.
Kenanga Investment Bank Berhad, on behalf of the
Board of Directors of asiaEP ("Board"), is pleased to
announce that the Board has fixed the issue price for the placement
of 7,000,000 new ordinary shares of RM0.10 each in asiaEP
("asiaEP Shares") ("Placement Shares") to be issued
pursuant to the Proposed Private Placement at an issue price of
RM0.10 per Placement Share ("Issue Price").
The Issue
Price represents the par value of asiaEP Shares as the five
(5)-market day volume weighted average market price of asiaEP Shares
from 25 July 2011 to 29 July 2011 is RM0.06.
This
announcement is dated 1 August 2011.