Date: 15 May 2017

MULTIPLE PROPOSALS APFT BERHAD ("APFT") (I) PROPOSED CREDITORS CAPITALISATION; (II) PROPOSED DIRECTORS CAPITALISATION; AND (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO THE "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description APFT BERHAD ("APFT")

(I) PROPOSED CREDITORS CAPITALISATION;

(II) PROPOSED DIRECTORS CAPITALISATION; AND

(III) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO THE "PROPOSALS")

We refer to the announcements made on 14 November 2016, 13 December 2016, 12 January 2017, 25 January 2017, 15 February 2017, 10 March 2017 and 13 March 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:

(i) APFT, APFTSB, PTTSB and the Creditors (save for PMSB) had on 15 May 2017 mutually agreed to further extend the Cut-Off Date of the Settlement Agreements with Creditors from 14 May 2017 to 14 August 2017 for the parties to obtain/fulfil conditions precedent pursuant to the Settlement Agreements with Creditors; and

(ii) APFT, PTTSB and PMSB had on 15 May 2017 mutually agreed to further extend the Cut-Off Date of their settlement agreement dated 14 November 2016 (together with the supplemental agreements thereto) from 14 May 2017 to 14 June 2017 for the parties to obtain/fulfil conditions precedent pursuant thereto.

This announcement is dated 15 May 2017.

 




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