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Annual Report 2013
KPJ HEALTHCARE BERHAD
156
Corporate Developments
and Announcements
17 April 2013
KPJ entered into SPA with the shareholders
of Rawang Specialist Hospital Sdn Bhd for
the acquisition of 100% equity interest for a
total cash consideration of RM50,630,164.00.
20 May 2013
KPJ Pasir Gudang Specialist Hospital was
open for business with current capacity of
25 beds comprised of VIP suites, single, twin
sharing & 4-bedded rooms. It is KPJ’s 22nd
hospital to operate in Malaysia.
23 May 2013
KPJ completed the acquisition of its 23rd
hospital, Sri Manjung Specialist Centre. The
hospital is 100% owned by KPJ.
11 June 2013
Resignation of Datuk Dr. Hussein Awang as
Independent & Non-Executive Director.
18 July 2013
Appointment of Tan Sri Dato’ Dr. Yahya Awang
as Independent & Non-Executive Director.
26 Jul 2013
The Penawar Case
A Johor Bahru High Court Writ Summons
was led by Dr. Mohd Adnan Bin Sulaiman
and Azizan Bin Sulaiman(“plaintiffs”) against
KPJ (“defendant”) wherein the Plaintiffs
alleged that the Defendant had breached
the Joint Venture Agreement Incorporating
Shareholders’ Agreement dated 30.5.1995.
KPJ announced that the Johor Bahru High
Court allowed the Plaintiffs claim against the
Defendant and awarded the sum of RM 70.486
million as damages and costs for the sum of
RM 150,000.00.
KPJ instructed its solicitors, to le an Appeal
at the Court of Appeal against the judgement.
29 Jul 2013
On behalf of the Board of Directors of KPJ,
RHB Investment Bank Berhad announced the
following:-
(i) Proposed bonus issue of up to 329,766,497
new ordinary shares of RM0.50 each in
KPJ on the basis of 1 Bonus Share for
every 2 existing KPJ Shares held
(ii) Proposed renounceable rights issue of
up to 43,968,866 KPJ Shares on the basis
of 1 Rights Share for every 15 existing
KPJ Shares together with up to 87,937,732
free detachable new warrants 2013/2018
on the basis of 2 NewWarrants for every
1 Rights Share subscribed
(iii) Proposed exemption under Paragraph
16.1 of Practice Note 9 of the Malaysian
Code on Take-Overs and Mergers 2010 to
Johor Corporation and the parties acting
in concert with it from the obligation to
extend a mandatory take-over offer for
the remaining KPJ Shares, Warrants
2010/2015 and NewWarrants not already
held by them pursuant to the Proposed
Rights Issue
(iv) Proposed increase in the authorised
share capital of KPJ from RM500,000,000
comprising 1,000,000,000 KPJ Shares to
RM750,000,000 comprising 1,500,000,000
KPJ Shares, and
(v) Proposed
amendments
to
the
Memorandum and Articles of Association
of KPJ
13 August 2013
Abd Razak Haron, Non-Independent & Non-
Executive Director passed away.
27 September 2013
KPJ signed a Joint Venture Agreement with
UTM Holdings Sdn Bhd for the purpose of
designing, developing, building, completing
and owning, and subsequently operating a
private hospital on a portion of the leasehold
land held under HSD 46692, Lot No, PTD No
95180, Mukim Kulaijaya, Johor.
30 Sept 2013
The Penawar Case
The Court of Appeal today granted a Stay of
Execution of the judgment of the Johor Bahru
High Court Suit No: 23NCVC-74-05/2012 dated
26 July 2013.
The appeal of the decision is now xed for
hearing on 12 December 2013.
17 October 2013
KPJ exercised its option to purchase Menara
238 and entered into a conditional sale
and purchase agreement with Danaharta
Hartanah Sdn Bhd(DHSB) on 16 October 2013.
KPJ and DHSB had entered into a tenancy
agreement on 11 September 2012 whereby
DHSB had granted upon KPJ the option to
purchase Menara 238.