Date: 24 July 2017

OTHERS APFT BERHAD (APFT or the Company) - Monthly Announcement on the Status of Defaults in Payment pursuant to Paragraph 9.19A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad


Type Announcement
Subject OTHERS
Description APFT BERHAD (APFT or the Company) - Monthly Announcement on the Status of Defaults in Payment pursuant to Paragraph 9.19A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Further to the Company's announcements made on 6 December 2016, 29 May 2017 and 3 July 2017 made pursuant to Paragraph 9.19A of the Main Market Listing Requirements (?MMLR?) of Bursa Malaysia Securities Berhad ("Bursa Securities") in relation to the default in payment by its subsidiary, Asia Pacific Flight Training Sdn. Bhd. ("AFPTSB") in respect of the fixed term loan facilities ("Defaults in Payment")("Earlier Announcement"). Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Earlier Announcement.

The Company wishes to announce that APFTSB's appeal was dismissed with costs of RM2,000.  The Company have since made a payment of RM91,363.22 on 24 July 2017.

Further announcement on the development of the above matter will be made to Bursa Securities in due course.

This announcement is dated 24 July 2017.





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