tklimFurther to the Company's announcement on 24 August 2016 and the query letter dated 25 August 2016 from Bursa Malaysia, the Company's reply as follows:
1. The net assets in APFTSB based on the latest audited financial statement for the year ended 31 March 2015 is (RM11,509,540).
2. The appointment of the R&M has no material impact on the flight training business of APFT Group. Business will continue as usual except that the R&M will oversea and monitor the financial operations of APFTSB.
3. APFTSB have already put into place a plan to fulfil its obligations to the creditor that appointed the R&M by disposing some of the assets in the Group as well as assets in the executive director’s personal company. The funds that have been earmarked for payment from the assets disposal should be in by end of September. The group will cooperate with the R&M who will be monitoring the status of the said funds.
Brutus121Ehhh! Under Receivership? Aiya martin555 Cakap Bohong Laaaa..............
tklimwah...lauuu...this counter can fly very high worrrrr.....but must hold worrrrrr.......don't know how long......but sure money worrrr......private placement ....new balance sheet....like new co worrrr...0.05...PAR Value worrrr....cheap..cheap worrrrrr..ha...ha...ha
PurebullrunBased on chart, it is going to shine. Will try to buy at 5 cents next week. Hopefully, there are traders willing to dispose at that price on monday.