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 and 15 February 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 and PTTSB had on 10 March 2017 entered into 15 supplemental agreements with the Creditors to revise the cut-off date of the Settlement Agreements with Creditors from 31 July 2016 to 31 October 2016. The Group also proposes to revise the cut-off date for the Proposed Directors Capitalisation from 31 July 2016 to 31 October 2016.
Please refer to the attachment for further details of the announcement.
This announcement is dated 10 March 2017.