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Annual Report 2013
KPJ HEALTHCARE BERHAD
157
Corporate Developments
and Announcements
6 November 2013
KPJ entered into a conditional Share Sale
Agreement with Usaha Cendera Sdn Bhd
for the acquisition of 2 ordinary shares of
RM1.00 each in BDC Specialist Hospital Sdn
Bhd (BDCSHSB) which is equivalent to 100%
of the equity for a total cash consideration of
RM16,516,144.00.
BDCSHSB is the owner of a leasehold land
described as Lot 18807 Block 11 Muara Tebas
Land District located at Stampin, Kuching,
Sarawak measuring approximately 1.918
hectares. Henry Butcher in their valuation
report dated 11 December 2012 has valued
the Land based on the market value of
RM16,590,000.00.
19 November 2013
KPJ entered into a Deed of Agreement
(“Agreement”) with Father of the Nation
Bangabandhu Sheikh Mujibur Rahman
Memorial Trust to lease a 250-bed hospital
building known as “Sheikh Fazilatunnessa
Mujib Memorial KPJ Specialized Hospital”
located approximately 50 kilometres from
Dhaka, Bangladesh. The Hospital Building
was built by the Trust at a cost of Tk2.15 billion
(equivalent to RM87.5 million).
KPJ will be the Licensed Operator of the
Hospital with the proposal to lease the
Hospital Building to run and operate the
Hospital for an initial period of 10 years which
is extendable for another 5 years.
KPJ intends to bring world class healthcare
facility to Dhaka’s doorstep by providing
a comprehensive, multi-disciplined and
focused hospital with Centres of Excellences
in the following major disciplines such as
Cardiac Services, Orthopaedic, Geriatrics,
Obstetrics & Gynaecology (O&G), and
Paediatric services.
12 December 2013
The Penawar Case
The Honourable Judges of the Court of Appeal
unanimously allowed the appeal by KPJSB
against the decision of the Johor Bahru High
Court in Suit No: 23NCVC-74-05/2012 dated
26.7.2013 with costs of RM200,000.00. The
decision of the Johor Bahru High Court was
also set aside.
The Court of Appeal further gave
Consequential Order that the monies in
the sum of RM70.486 million together with
the accrued interest in the Maybank Fixed
Deposit account held in the joint names of
the solicitors for the Respondents and the
solicitors for KPJSB, “Adam Abdullah &
Mani and Bodipalar Ponnudurai De Silva” be
released to KPJSB.
26 December 2013
On behalf of the Board of Directors of KPJ,
RHB Investment Bank Berhad announced
the Abridged Prospectus of the 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 New Warrants for
every 1 Rights Share subscribed.
27 December 2013
327,279,946 Bonus Shares and 2,451,551
additional warrants 2010/2015 consequential
to the Bonus Issue on the basis of 1 bonus
share for every 2 existing KPJ shares were
listed and quoted on the Main Market of
Bursa Malaysia Securities Berhad on Friday,
27 December 2013, marking the completion of
the Bonus Issue.
31 December 2013
Appointment of Zulki i Ibrahim and Aminudin
Dawam as Non-Independent & Non-
Executive Director.
Resignation of Hj Rozan Bin Mohd Sa’at as
Non-Independent & Non-Executive due to
internal restructuring in Johor Corporation
Group.
31 December 2013
KPJ Sabah Specialist Hospital started its
operation in Kota Kinabalu with current
capacity of 48 beds, marked as KPJ’s 24th
hospital to operate in Malaysia.