【APFT 5194 交流专区】亚太飞行训练

icy97

Type	Announcement
Subject	OTHERS
Description	APFT BERHAD ("APFT" or "THE COMPANY") - MEMBERS' REQUISITION TO CALL FOR EGM UNDER SECTION 206(3), SECTION 322 AND SECTION 310(b) OF THE COMPANIES ACT 2016 ("CA 2016")
The Board of the Company wishes to announce that the Company had on 11 March 2019, received a written requisition from the shareholders of the Company holding, in aggregate, 10.23% of the issued share capital of the Company ("Requisitioning Members") to convene an Extraordinary General Meeting pursuant to Section 206(3), Section 322, Section 310(b) and Section 311 of the Companies Act 2016 in relation to:- a) removing the existing Directors, namely Laxmi Devi A/P Murugan, Logonathan A/L Vadivelu, and Dato Mohd Ismail Bin Hamdan; and b) appointing new Directors, namely Siva Kumar A/L Kalugasalam. The Board of the Company is seeking legal advice on the matter. Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course. This announcement is dated 12 March 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6093469

Attachments APFT EGM Notice Requisition (2).pdf

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

APFT BERHAD

Particulars of Substantial Securities Holder

Name	MR SEIK THYE KONG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES
Date of cessation	05 Mar 2019
Name & address of registered holder	SEIK THYE KONG2A, JALAN 4/3, JADE HILLS43000 KAJANG, SELANGOR

No of securities disposed	86,073,300
Circumstances by reason of which a person ceases to be a substantial shareholder	DISPOSAL THROUGH DIRECT BUSINESS TRANSACTION
Nature of interest	Direct Interest
Date of notice	06 Mar 2019
Date notice received by Listed Issuer	12 Mar 2019

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

APFT BERHAD

Particulars of Substantial Securities Holder

Name	MR GOH BOON SOO @ GOH YANG ENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Date of cessation	18 Mar 2019
Name & address of registered holder	Goh Boon Soo @ Goh Yang Eng No 25, Lorong Maarof Satu, Bangsar Park,59000 Kuala Lumpur

No of securities disposed	45,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of shares via open market
Nature of interest	Direct Interest
Date of notice	20 Mar 2019
Date notice received by Listed Issuer	20 Mar 2019

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2019	31 Jan 2018	31 Jan 2019	31 Jan 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	500	0	1,804	0
2	Profit/(loss) before tax	40,679	0	8,617	0
3	Profit/(loss) for the period	40,678	0	8,617	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	40,678	0	8,617	0
5	Basic earnings/(loss) per share (Subunit)	0.06	0.00	0.01	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0000		0.0000

icy97

Date of change	23 Apr 2019
Name	DATO' MD ISMAIL BIN HAMDAN
Age	42
Gender	Male
Nationality	Malaysia
Designation	Non Executive Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	Due to personal reasons

icy97

Date of change	24 Apr 2019
Name	DATUK TAN CHOON HWA
Age	62
Gender	Male
Nationality	Malaysia
Designation	Independent Director
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	OTHER BUSINESS COMMITMENT

icy97

Date of change	23 Apr 2019
Name	MR MICHAEL HENG CHUN HONG
Age	50
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Independent Director
New Position	Executive Director
Directorate	Executive

icy97

Date of change	24 Apr 2019
Name	MR SIVA KUMAR A/L KALUGASALAM
Age	49
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Executive Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Masters Business and Management University of Wales, Trinity Saint David, United Kingdom
Working experience and occupation	He joined APFT Berhad and Group of Companies since 2016 and his previous position was Chief Operating Officer

icy97

Change in Financial Year End

APFT BERHAD

Old financial year end	31 Jan 2019
New financial year end	30 Apr 2019

Remarks :

a. New auditors were only appointed on 28 March 2019 following the resignation of the previous auditorsb. The newly appointed directors require time to understand the business of the Group

icy97

APFT BERHAD

Date of change	20 Jun 2019
Name	MR LIAU CHEE KIONG
Age	54
Gender	Male
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Others	MCE	Chung Hwa High School

Working experience and occupation	He is the founder of Beyond Marketing and currently Director of Beyond Gift Sdn. Bhd, Pioneer Cove Sdn. Bhd. and Ayer Keroh Sports Centre Sdn. Bhd.. He take full responsibility of the overall operation and lead the management team to meet the individual company's business objectives and goals. He had extensive experience in Corporate Management, Sales, Marketing in various products and market segments.
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	129,775,300 shares

icy97

Date of change	20 Jun 2019
Name	DATUK WEE KOK CHUAN
Age	66
Gender	Male
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Others	NA	Higher secondary

Working experience and occupation	He was with Gim Hin & Company Sdn. Bhd. from 1993 until 2009, responsible of sales and identifies business opportunities.Currently director and partner of Faithview Group Sdn. Bhd., responsible of determining and implementing policies and making strategic and operational decisions.
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	100,000,000 Shares

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2019	30 Apr 2018	30 Apr 2019	30 Apr 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	-474	0	1,330	0
2	Profit/(loss) before tax	52,884	0	15,642	0
3	Profit/(loss) for the period	52,884	0	15,642	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	52,884	0	15,642	0
5	Basic earnings/(loss) per share (Subunit)	3.94	0.00	1.17	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0000		-0.0400

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

APFT BERHAD

Particulars of Substantial Securities Holder

Name	MR LIAU CHEE KIONG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Date of cessation	26 Jun 2019
Name & address of registered holder	LIAU CHEE KIONGNO.22, JALAN BR 3TAMAN BUNGA RAYABUKIT BERUANG

No of securities disposed	65,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of shares through direct business transaction
Nature of interest	Direct Interest
Date of notice	01 Jul 2019
Date notice received by Listed Issuer	01 Jul 2019

icy97

Type	Announcement
Subject	OTHERS
Description	APFT Berhad (APFT or the Company) Memorandum of Business Collaboration Agreement (MBCA) with Malaysian Aviation Training Academy Sdn. Bhd. (MATA)
The Board of Directors (“Board”) of APFT Berhad (“APFT” or the “Company”) wishes to inform that the Company, on 08 July 2019, entered into Memorandum of Business Collaboration Agreement (“MBCA”) with Malaysian Aviation Training Academy Sdn. Bhd. (Company No. 691963-D) (“MATA”). (Both APFT and MATA are hereinafter collectively referred to as the “Parties”) APFT subsidiaries APFT Services Sdn. Bhd , APFT Aviation Sdn. Bhd. and APFT Engineering Sdn. Bhd. operates a Flight Training Centre, Aircraft Maintenance and air charter services known as APFT having its operating address at Lot 38021 Sultan Azlan Shah Airport, 31350 Ipoh, Perak. MATA, is a certified aircraft maintenance academy approved by CAAM, a company incorporated in Malaysia under the Companies Act 1965 having its administrative address at C-1-03, Sunway Nexis, No.1 Jalan PJU 5/1, Kota Damansara, 47810 Petaling Jaya, Selangor Daruk Ehsan THE SALIENT TERMS : 1. APFT and MATA will collaborate in obtaining various licences under Civil Aviation Authority of Malaysia such as Approved Flying Training Organisation (AFTO), Maintenance, Repair And Overhaul (MRO)and Air Operator Certificate (AOC) for the abovemetioned Companies 2. APFT and MATA will be sharing their resources and knowledge to facilitate the application of abovemetioned licences. RATIONALE FOR THE MBCA With APFT pooling its resources with MATA it will form the largest training center for aviation professionals in the country EFFECTS OF THE MBCA The MBCA is not expected to have any effects on the share capital and shareholding structure of the Company. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the MBCA. DIRECTORS’ STATEMENT The Board, after due consideration, is of the opinion that the MBCA is in the best interest of the Group. Similar to all business entities, the risk factors affecting the execution of the MBCA, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the MBCA and will take appropriate measures in planning the successful execution of the MBCA. APPROVALS REQUIRED The MBCA being incurred in the ordinary course of business, is not subject to the approval of the shareholders. DOCUMENTS AVAILABLE FOR INSPECTION The MBCA will be made available for inspection at office of APFT during office hours from Monday to Friday (except public holidays) at its administrative office address at Suite 9B.03, Level 10, Wisma E & C, 2 Lorong Dungun Kiri, Damansara Heights, 50490 Kuala Lumpur, Malaysia, for a period of 3 months from the date of this announcement. This announcement is dated 08 July 2019

icy97

财报遭审计师否定-apft营运能力存疑
https://www.enanyang.my/news/20190908/财报遭审计师否定-brapft营运能力存疑/

Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN DISCLAIMER OF OPINION
Description	APFT BERHAD ("APFT") DISCLAIMER OF OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2019
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”)(“Listing Requirements”), the Board of Directors APFT hereby announce that Messrs. PKF, the Company’s External Auditors, had expressed an audit disclaimer of opinion in the Company’s latest Audited Financial Statements for the financial year ended 30 April 2019. A copy of the Messrs. PKF’s Report is annexed herewith. This announcement is dated 05 September 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6277169

Attachments APFT auditor disclaimer.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2019	31 Jul 2018	31 Jul 2019	31 Jul 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	0	0	0	0
2	Profit/(loss) before tax	-49	0	-49	0
3	Profit/(loss) for the period	-31	0	-31	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-31	0	-31	0
5	Basic earnings/(loss) per share (Subunit)	0.00	0.00	0.00	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0000		0.0000

pts2222

（吉隆坡10日讯）APFT Bhd与精英国际集团（HELP International Corporation Bhd）就收购后者的某项教育业务签署谅解备忘录（MoU）。

PN17公司APFT指出，拟议收购是重组计划的一部分，以维持在大马交易所主板的上市地位。

该集团今日向马交所报备，将公布重组计划的细节，并提交给监管单位审批。

“MoU允许双方进行至少6个月的独家谈判，并阐明对拟议重组计划的理解和意图。”

APFT另外指出，终止1月9日与QEOS LED私人有限公司签署的MoU。

此前，马交所拒绝APFT要求延长提交重组计划的申请，这意味着，除非提出上诉，否则将于3月16日从主板除牌。

除牌之前，将从3月12日起暂停交易。

由于股东权益低于50%门槛，APFT于2018年1月首次触发PN17。

2019年9月，该集团的外部审计师对公司持续经营的能力持疑，因债务超过了流动资产。

马交所已两次批准APFT延迟提交重组计划，首次是从2019年1月19日延至7月18日，然后延至今年1月18日。

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2019	31 Oct 2018	31 Oct 2019	31 Oct 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	0	68	0	1,304
2	Profit/(loss) before tax	717	-29,006	686	-31,545
3	Profit/(loss) for the period	717	-29,006	686	-31,545
4	Profit/(loss) attributable to ordinary equity holders of the parent	717	-29,006	686	-31,545
5	Basic earnings/(loss) per share (Subunit)	0.05	-2.16	0.05	-2.35
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0000		-0.0100

icy97

icy97 发表于 23-7-2019 03:01 AM

Type	Announcement
Subject	OTHERS
Description	APFT  BERHAD (APFT OR COMPANY)TERMINATION OF MEMORANDUM OF BUSINESS COLLABORATION AGREEMENT (MBCA) BETWEEN APFT AND MALAYSIAN AVIATION TRAINING ACADEMY SDN BHD (MATA) (TERMINATION OF THE MBCA)
(Reference is made to the Company’s announcement dated 8 July 2019 in relation to the MBCA (“Announcement”). Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcement.) The Board of Directors of APFT (“Board”) wishes to inform that the Company has on 8 January 2020, issued a termination letter to MATA to terminate the MBCA which was entered into by the Company with MATA on 8 July 2019 (“Termination Letter”). The Board has resolved to terminate the MBCA after considering the following:- On 28 August 2019, APFT Aviation Sdn. Bhd (“AASB” or “Defendant”), the wholly-owned subsidiary of APFT was served with a Notice of Application for Interim Injuction by the Liquidator of Asia Pacific Flight Training Sdn. Bhd. (In Liquidation) (“APFTSB” or “Plaintiff”), whereby, the Liquidator is seeking to repossess sixteen (16) aircrafts (“Subject Aircrafts”) which were transferred to AASB as intercompany debt settlement. The injunction, amongst other, restraining AASB and/or their agents from dealing, charging, disposing, transferring and/or exercising any rights arising from the Subject Aircrafts. On 11 November 2019, both parties APFT Aviation Sdn. Bhd. and Asia Pacific Flight Training Sdn. Bhd. (In Liquidation) agreed to a proposed consent order vis-à-vis the Plaintiff’s Notice of Application for an Inter Parte Injunction (“Enclosure 3”). Accordingly, the proposed consent order for Enclosure 3 was recorded before the High Court Judge and the court proceeded to grant an Inter Parte Injunction pending the hearing of the Plaintiff’s Originating Summons (“Enclosure 1”) based on the terms in the proposed consent order for Enclosure 1. The hearing of Enclosure 1 is fixed for 20 to 21 April 2020. (ii) On 24 June 2019, Kelab Aero Perak has wrongfully terminated tenancy agreement with AASB. Since then, APFT and its subsidiaries have no place of operations for Flight Training School, Continuing Airworthiness Management Organisation (CAMO) or Maintenance Organisation Approval Part 145 venture. Hence, it is difficult for APFT to re-commence and or venture into AFTO For Approved Training Organisation (ATO) – Flying Training Organisation (FTO), DCAM Part-147 Approved Maintenance Training Organisations (ATO), Continuing Airworthiness Management Organisation (CAMO) and Maintenance Organisation Approval Part 145 licence until it has secured an appropriate base of operations. In addition. APFT is unable to proceed with the application for the abovementioned activities of licences with Civil Aviation Authority of Malaysia. In view of the above development, the Board has resolved to terminate the MBCA with MATA and not to proceed with its self-rescue plan to regularise its financial postion. Nevertheless, APFT wishes to clarify while its flight training, maintenance repair and overhaul and engineering training activities and businesses are hindered for the time being, not all its aviation activities are affected and the APFT Group can still carry out other aviation activities such as potential air chartered services subject to the relevant approvals being obtained. This announcement is dated 8 January 2020.

icy97

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	APFT BERHAD ("APFT")Memorandum of Understanding (MOU) with QEOS LED Sdn Bhd ("QEOS LED")
INTRODUCTION We refer to the Company’s announcements from 19 January 2018 to 2 January 2020 (“Announcements”) in respect of Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). The Board of Directors of APFT (“Board”) wishes to announce that the Company has on 9 January 2020 entered into a memorandum of understanding (“MOU”) with QEOS LED Sdn Bhd (Registration No.: 201001013456 (897687-A)) (“QEOS LED”) or the “Vendor”), the shareholder of QEOS Energy Sdn Bhd (“QEOS Energy”) to negotiate in good faith with a view of entering into a definitive sale and purchase agreement (“SPA”) for the acquisition by APFT of the entire equity interest of QEOS Energy (“Proposed Acquisition”) and the other key proposals to be implemented under the Proposed Regularisation Plan (as defined herein). The proposed regularisation plan would involve, inter-alia, the Proposed Acquisition and other key proposals including a fund raising exercise (“Proposed Regularisation Plan”). The Company and the Vendor are each referred to as the “Party” and collectively referred to as the “Parties”. BACKGROUND INFORMATION ON QEOS ENERGY AND THE VENDOR 1. QEOS ENERGY QEOS Energy is principally involved in the assembling, manufacturing, distributing, supplying of solar energy systems products and supplying light-emitting diode (“LED”) lighting systems. As at 8 January 2020, being the latest practicable date prior to this announcement (“LPD”), QEOS Energy had an issued share capital of RM500,000 comprising 500,000 ordinary shares. QEOS Energy is a wholly-owned subsidiary of the Vendor. The directors of QEOS Energy are Gabriel Anak Walter and Mohd. Ghazali Bin Mahmood. 2. VENDOR The Vendor is principally involved in the assembling, manufacturing, distributing and supplying energy efficient LED lighting systems. As at the LPD, the Vendor had an issued share capital of RM3,084,977.56 comprising 850,000 ordinary shares of RM0.10 per share and 141,642 preference shares of RM21.18 per share. The ordinary shares are held by QEOS Pte. Ltd. and the preference shares are held by Pitch Nominees Sdn Bhd. The directors of the Vendor are Mohd. Ghazali Bin Mahmood, Lam Poh Lian, Siti Rubiah binti Ngadiman and Faridah binti Omar Shah. SALIENT TERMS OF THE MOU The MOU is not intended to be a legally binding agreement and is meant only to serve as a statement of intention of the Parties to the MOU. The MOU sets out the intention of the Parties to negotiate in good faith with a view of entering into the SPA and all other key terms of the Proposed Regularisation Plan. The Parties agree that the MOU shall not be tantamount to a disposal and transfer of the entire equity interest of QEOS Energy and the SPA shall be executed. The salient terms of the MOU are set out below: the Parties have agreed and shall provide all such information and documents as may be required by either Party hereto and their appointed advisers for the purposes of conducting a thorough legal and financial due diligence on QEOS Energy; (ii) with effect from the date of execution of the MOU, the Parties have agreed to co-operate exclusively with each other with respect to the Proposed Regularisation Plan. The MOU shall be terminated and ceased to have effect upon execution of the SPA, unless terminated earlier in writing by either Party hereto; (iii) the MOU shall become effective for a period of 6 months from the date of the MOU, during which the SPA in relation to the Proposed Regularisation Plan will be finalised and executed; and (iv) the conditions precedent of the Proposed Regularisation Plan shall include but not limited to the Parties acknowledging that the SPA and other proposals to be implemented under the Proposed Regularisation Plan shall be subject to inter-alia the approvals of the Securities Commission Malaysia, Bursa Securities and/or other regulatory authorities. RATIONALE OF THE MOU The MOU allows the Parties to negotiate exclusively for at least a period of 6 months and sets out the understanding and intention in respect of the Proposed Regularisation Plan. The Proposed Acquisition is part of the Company’s regularisation plan to regularise the Company’s PN17 condition and maintain its listing status on the Main Market of Bursa Securities. Details of the Proposed Regularisation Plan will be announced and submitted to the regulatory authorities for their approvals upon finalisation of the Proposed Regularisation Plan. For avoidance of doubt, the Company is required to submit the Proposed Regularisation Plan to the regulatory authorities for their approval before 18 January 2020. FINANCIAL EFFECTS The MOU is not expected to have any material effects on issued share capital and substantial shareholders’ shareholdings of the Company, the net assets, gearing, the earnings and earnings per share of the APFT Group. The effects on the issued share capital, substantial shareholders’ shareholdings, financial position in respect of the net assets and gearing ratio of APFT as well as earnings level of APFT cannot be determined at this juncture as the terms of the Proposed Regularisation Plan which include, amongst others, the purchase consideration and the mode of settlement for the Proposed Acquisition have yet to be agreed and finalised. The above information will be announced immediately upon the execution of the SPA in relation to the Proposed Regularisation Plan. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM None of the directors, major shareholders of APFT and/or persons connected with them have any interest, direct or indirect, in the MOU. DIRECTORS’ STATEMENT The Board, after taking into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Company. PRINCIPAL ADVISER The Principal Adviser for the Proposed Regularisation Plan will be appointed in due course. DOCUMENT AVAILABLE FOR INSPECTION A copy of the MOU is available for inspection at the registered office of APFT at Unit 1119 (Entrance 5), 11th Floor, Block A, Damansara Intan, No. 1, Jalan SS 20/27, 47400 Petaling Jaya, Selangor Darul Ehsan during normal office hours (except for Saturday, Sunday and public holidays) for a period of 3 months from the date of this announcement. A detailed announcement on the Proposed Regularisation Plan will be made upon finalisation of the terms and conditions of the Proposed Regularisation Plan and execution of the SPA. This announcement is dated 9 January 2020.