Flight academy APFT plans IPO

PETALING JAYA: Flight education and training academy APFT Bhd is expected to list on Bursa Malaysi a Main Market in March.

APFT said in a statement it had signed an underwriting agreement withBank Islam Malaysia Bhd, Inter-Pacific Securities Sdn Bhd and Kuwait Finance House (M) Bhd for its initial public offering (IPO).

“The underwriting pertains to APFT's public issue of 22 million new ordinary shares of 20 sen each at an issue price of 50 sen per share.

“Of the total sha res, 15 million will be offered to the Malaysian public and seven million for subscription by eligible employees and persons who have contributed to the group's success,” it said.