Date: 07 July 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, 13 March 2017, 15 May 2017 and 19 June 2017 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of APFT, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 7 July 2017, resolved to approve the following:

(i) listing of 226,299,873 Settlement Shares pursuant to the Proposed Creditors Capitalisation;

(ii) listing of 257,500,000 Settlement Shares pursuant to the Proposed Directors Capitalisation; and

(iii) listing of up to 333,339,700 Placement Shares pursuant to the Proposed Private Placement,

The approval by Bursa Securities for the above is subject to the following conditions:

(i) APFT and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

(ii) APFT and TA Securities to inform Bursa Securities upon the completion of the Proposals;

(iii) APFT to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals are completed;

(iv) APFT to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at extraordinary general meeting for the Proposals;

(v) TA Securities must submit to Bursa Securities the placee's details in accordance with Paragraph 6.15 of the Listing Requirement as soon as practicable after each tranche of placement and before the listing of the placement shares; and

(vi) If applicable, payment of additional listing fee based on the final issue price together with a copy of the details of computation of the amount of listing fees payable.

APFT is required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

This announcement is dated 7 July 2017.




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