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APFT Berhad Announces Disposal Of Company’s 100% Equity Interest In Apft Maintenance Training Sdn. Bhd. To Asia Pacific Flight Training Sdn. Bhd.


Thursday, 16 May 2013 08:00pm EDT 

APFT Berhad announced that the Company has on May 14, 2013 disposed of its entire 200,000 ordinary shares of MYR1.00 each representing 100% equity interest in APFT Maintenance Training Sdn. Bhd. (APFT Maintenance Training) to Asia Pacific Flight Training Sdn. Bhd. (APFTSB) for a total cash consideration of MYR200,000.00 (Disposal of APFT Maintenance Training) as part of its internal re-organisation. Following the disposal, APFT Maintenance Training will become a wholly-owned subsidiary of APFTSB, which in turn is a subsidiary of APFT. APFTSB is a wholly-owned subsidiary of APFT and is principally involved in the provision of flight education and training services. The business activity of APFT Maintenance Training is the provision of maintenance services for the aviation industry. The Disposal of APFT Maintenance Training will not have any significant effect on the earnings per share or net assets per share of the APFT Group for the financial year ending December 31, 2013. The Disposal of APFT Maintenance Training is not subject to the approval of the shareholders of APFT. 

Company Quote

0.165
-0.0050 -2.94%
11 Jul 2014