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Annual Report 2013
KPJ HEALTHCARE BERHAD
213
16.
Investments in subsidiaries (continued)
(a)
Acquisition of subsidiaries in 2013:
During the nancial year, the Group completed its acquisition in new interests and increased its stake in several subsidiaries as
follows:
2013
RM’000
Subscription of right issue in subsidiaries (Note (iv) and (v))
18,516
Acquisition of interests in newly acquired subsidiaries (Note (i), (ii) and (iii))
80,720
99,236
Less: Cash and cash equivalents of subsidiaries acquired
(9,911)
89,325
(i)
On 23 March 2012, Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”), a wholly-owned subsidiary of the Company, acquired
80% equity interest in PT Khidmat Perawatan Jasa Medika (“PT KPJ Medika”) for a total cash consideration of RM15,840,000.
The acquisition was completed on 7 March 2013.
(ii)
On 17 April 2013, Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”), a wholly-owned subsidiary of the Company, acquired
100% equity interest in Rawang Specialist Hospital Sdn Bhd (“RSHSB”) comprising 30,000,000 ordinary shares of RM1.00
each for an aggregate cash consideration of RM50,630,164. The acquisition was completed on 18 July 2013.
(iii) On 12 September 2012, Ipoh Specialist Hospital Sdn Bhd (“ISH”), a subsidiary of the Company, acquired 100% equity interest
in Sri Manjung Specialist Centre Sdn Bhd (“SMSC”) comprising 900,000 ordinary share of RM1.00 each for an aggregate cash
consideration of RM14,250,000. The acquisition was completed on 7 March 2013.
(iv) On 25 March 2013, Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”), a wholly-owned subsidiary of the Company, subscribed
for a further 9,750,000 ordinary shares of RM1.00 each in Perlis Specialist Hospital Sdn Bhd by capitalising RM9,750,000
advances made to the company.
(v) On 15 January 2013, Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”), a wholly-owned subsidiary of the Company, subsribed
for a further 8,765,748 ordinary shares of RM1.00 each in Pahang Specialist Hospital Sdn Bhd by capitalising RM8,765,748
advances made to the company.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)