AFT Corporation Limited (ASX:AFT) entered into a Heads of Agreement to acquire 50% stake in PT Mcash Majapahit Bahana Tunggal Ika for AUD 1 million on September 3, 2018. Transaction is subject to due diligence and will undertake a capital raising exercise to raise a minimum of AUD 1 million. HOA is subject to signing of binding share sale agreement and conditions precedent including regulatory and shareholder approval (if required). AFT Corporation Limited (ASX:AFT) cancelled the acquisition of 50% stake in PT Mcash Majapahit Bahana Tunggal Ika on September 3, 2019.