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MEMORANDUM OF UNDERSTANDING APFT BERHAD ("APFT" OR "COMPANY") MEMORANDUM OF UNDERSTANDING ENTERED INTO BETWEEN APFT AND HELP UNIVERSITY SDN BHD DATED 10 MARCH 2020

APFT BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
APFT BERHAD ("APFT" OR "COMPANY")

MEMORANDUM OF UNDERSTANDING ENTERED INTO BETWEEN APFT AND HELP UNIVERSITY SDN BHD DATED 10 MARCH 2020

The Board of Directors of APFT wishes to announce that the Company has, on 10 March 2020, entered into a memorandum of understanding with HELP International Corporation Berhad (“HIC”) to negotiate in good faith with a view of entering into a definitive sale and purchase agreement for the acquisition by APFT of certain educational assets/business of HIC (“Proposed Acquisition”) and 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”).


Please refer to the attachment for further details.



This announcement is dated 10 March 2020.




Please refer attachment below.



Announcement Info

Company Name APFT BERHAD
Stock Name APFT
Date Announced 10 Mar 2020
Category General Announcement for PLC
Reference Number GA1-10032020-00026