Investor Relations

KPJ Healthcare Berhad (KPJ) is one of the leading private healthcare providers in the region with a network of 29 hospitals in Malaysia, 1 hospital in Thailand, 1 hospital in Bangladesh and 4 retirement and aged care facilities in Kuala Lumpur, Sibu, Pahang and in Brisbane, Australia. With more than 3,500 operating beds, KPJ hospitals offer a comprehensive range of specialist medical services that treated more than 3 million patients in 2022.

Bursa Announcements

Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

BackDec 27, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

KPJ HEALTHCARE BERHAD ("KPJ" OR "COMPANY") PROPOSED DISPOSAL OF A 5-STOREY CARPARK BLOCK TOGETHER WITH A HALF BASEMENT LEVEL AND AN OPEN ROOF LEVEL ("PROPERTY") IN SHAH ALAM BY SELANGOR SPECIALIST HOSPITAL SDN BHD (Company No.: 215179-P) ("SgSH "or "VENDOR"), A 60% OWNED SUBSIDIARY OF KPJ TO AMANAHRAYA TRUSTEES BERHAD (Company No.: 766894-T) AS TRUSTEE FOR AND ON BEHALF OF AL-`AQAR HEALTHCARE REIT ("AL-AQAR") ("REIT TRUSTEE" OR "PURCHASER") ("PROPOSED DISPOSAL")

We refer to the announcement dated 11 December 2017 in relation to the Proposed Acquisition (“Earlier Announcement”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Earlier Announcement.

The Board of KPJ wishes to announce that the Conditions Precedent stated in the Sale and Purchase Agreement (“SPA”) of the Proposed Disposal had been fulfilled on 27 December 2017 and the Proposed Disposal had been completed on 27 December 2017 in accordance with the terms and conditions of the SPA following the receipt of the Purchase Price of RM13,000,000 by SgSH. 

Additionally, on 27 December 2017, SgSH had entered into a lease agreement with the REIT Trustee, on behalf of Al-‘Aqar, for the lease of the Property.

This announcement is dated 27 December 2017.

 





Announcement Info

Company Name KPJ HEALTHCARE BERHAD
Stock Name KPJ
Date Announced 27 Dec 2017
Category General Announcement for PLC
Reference Number GA1-27122017-00077