611 Fund's comment on APFT. All Comments

611 Fund
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APFT will be in the business of HELP education. 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.
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Kuch Chee Meng
May I know it zit consider good news?
Like · 10 months · translate