Asia-Pacific Strategic Investments enters into non-binding term sheet to acquire a hospitality business

THe proposed acquisition is in the preliminary stage, where APSI and the corporation are in the process of negotiating the terms of the proposed acquisition.

According to the statement, there is “no certainty or assurance” that any definitive agreements will be entered into.

Shares in APSI closed 0.1 cent lower or 50% lower at 0.1 cent on April 22.