Date: 08 February 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS APFT BERHAD (APFT) PROPOSED ACQUISITION OF 20% EQUITY INTEREST IN AVIATION A.I. INC. BY APFT SERVICES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF APFT (PROPOSED ACQUISITION)


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description APFT BERHAD (APFT) PROPOSED ACQUISITION OF 20% EQUITY INTEREST IN AVIATION A.I. INC. BY APFT SERVICES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF APFT (PROPOSED ACQUISITION)

Unless otherwise stated, definitions used in this announcement shall carry the same meanings as those defined in APFT's announcement in relation to the Proposed Acquisition dated 29 November 2017.

We refer to the announcements by APFT on 29 November 2017 and 26 January 2018.

The Board of Directors of APFT is pleased to announce that the Vendor has transferred the Sale Shares to APFT Services Sdn Bhd and the Balance Purchase Consideration has been fully settled. Following thereto, the Proposed Acquisition is deemed completed and AAI has become a 20%-owned associate company of APFT.

This announcement is dated 8 February 2018.





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