APFT Berhad (KLSE:APFT) entered into memorandum of understanding to acquire certain educational assets and business from Help International Corporation Bhd on March 10, 2020. The terms of the memorandum of understanding include each party will provide all required documents to other party for the purpose of due diligence, memorandum of understanding shall become effective for a period of 6 months from the date of the memorandum of understanding, during which the definitive agreement in relation to the Proposed Regularization Plan will be finalized and executed and approvals from Securities Commission Malaysia, Bursa Malaysia Securities Berhad and/or other regulatory authorities. The memorandum of understanding is not expected to have any material effects on issued share capital and substantial shareholders’ shareholdings of APFT Berhad, the net assets, gearing, the earnings and earnings per share of the APFT group.