Date: 27 July 2017

Circular/Notice to Shareholders


Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED SETTLEMENT OF DEBTS OWING TO CERTAIN CREDITORS OF THE SUBSIDIARIES OF APFT BERHAD ("APFT") VIA THE ISSUANCE OF 226,299,873 NEW ORDINARY SHARES IN APFT ("APFT SHARES") ("SETTLEMENT SHARES"); (II) PROPOSED SETTLEMENT OF DEBTS OWING TO DIRECTORS OF APFT, NAMELY DATO FARUK BIN OTHMAN AND ARIF BIN FARUK VIA THE ISSUANCE OF 257,500,000 SETTLEMENT SHARES; AND (III) PROPOSED PRIVATE PLACEMENT OF UP TO 333,339,700 APFT SHARES, REPRESENTING APPROXIMATELY 30% OF THE ENLARGED NUMBER OF ISSUED SHARES OF APFT (EXCLUDING TREASURY SHARES, IF ANY)


 


ATTACHMENT

- APFT Circular.pdf

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