APFT will be in the business of HELP education. The Board of Directors of APFT wishes to announce that the Company has, on 10 March 2020, entered into a memorandum of understanding with HELP International Corporation Berhad (“HIC”) to negotiate in good faith with a view of entering into a definitive sale and purchase agreement for the acquisition by APFT of certain educational assets/business of HIC (“Proposed Acquisition”) and other key proposals to be implemented under the Proposed Regularisation Plan (as defined herein). The proposed regularisation plan would involve, inter-alia, the Proposed Acquisition and other key proposals including a fund raising exercise (“Proposed Regularisation Plan”).


Please refer to the attachment for further details.



This announcement is dated 10 March 2020.