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”).
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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 |