Date: 08 September 2017

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


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

(I) CREDITORS CAPITALISATION;

(II) DIRECTORS CAPITALISATION; AND

(III) 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, 19 June 2017, 7 July 2017, 13 July 2017, 21 July 2017, 26 July 2017, 27 July 2017, 11 August 2017 and 17 August 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 the Board has on 8 September 2017 ("Price-fixing Date") fixed the issue price for the 206,526,000 Placement Shares at RM0.0194 per Placement Share ("Issue Price").

The Issue Price represents a discount of approximately RM0.0021 or 9.77% to the 5-day volume weighted average market price ("5D-VWAP") of APFT Shares up to and including 7 September 2017, being the last market day immediately preceding the Price-fixing Date of RM0.0215 per APFT Share. The discount of 9.77% to the 5D-VWAP is in accordance with common market practice of not more than 10% discount to the 5D-VWAP.

This announcement is dated 8 September 2017.




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