MULTIPLE PROPOSALS APFT BERHAD ("APFT") (I) PROPOSED CREDITORS CAPITALISATION; AND (II) PROPOSED DIRECTORS CAPITALISATION (COLLECTIVELY REFERRED TO THE "PROPOSALS")
|Description||APFT BERHAD ("APFT")
(I) PROPOSED CREDITORS CAPITALISATION; AND
(II) PROPOSED DIRECTORS CAPITALISATION
(COLLECTIVELY REFERRED TO THE "PROPOSALS")
We refer to the announcements made on 14 November 2016, 13 December 2016, 12 January 2017 and 25 January 2017 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that APFT, APFTSB, PTTSB and the Creditors had on 15 February 2017 mutually agreed to extend the Cut-Off Date of the Settlement Agreements with Creditors from 13 February 2017 to 13 May 2017 for the parties to obtain/fulfil conditions precedent pursuant to the Settlement Agreements with Creditors.
This announcement is dated 15 February 2017.