PETALING JAYA: APFT Bhd plans to acquire the entire equity stake in QEOS Energy Sdn Bhd, as part of its proposed regularisation plan to exit from the Practice Note 17 (PN 17) status.

APFT told Bursa Malaysia that it had entered into a memorandum of understanding (MoU) with QEOS LED Sdn Bhd with the aim of entering into a definitive sale and purchase agreement along with other key proposals to be implemented under its proposed regularisation plan.