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Annual Report 2013
KPJ HEALTHCARE BERHAD
247
35.
Material litigation
On 26 July 2013, the Johor Bahru High Court had allowed the claim by Dr Mohd Adnan bin Sulaiman and Azizan Sulaiman (collectively
the “Plaintiffs”) against KPJSB (“Defendant”) wherein the Plaintiffs had alleged that the Defendant had breached the Joint Venture
Agreement Incorporating Shareholders’ Agreement dated 30 May 1995 whereby the said High Court had awarded the sum of RM70.4
million and costs for the sum of RM150,000 against the Defendant (“Judgement”).
KPJSB has instructed its solicitors, Messrs. Bodipalar Ponnudurai De Silva to le an appeal at the Court of Appeal against the said
Judgement.
On 12 December 2013, Honourable Court of Appeal Judges, YA Datuk Zaharah binti Ibrahim, YA Dato’ Mohamad Arif bin Md Yusof and YA
Dato Mah Weng Kwai unanimously allowed the appeal by KPJSB against the decision of the Johor Bahru High Court in Suit No: 23NCVC-
74-05/2012 dated 26 July 2013 with costs of RM200,000 (“Court of Appeal Judgement”).
On 13 January 2014, the Plaintiffs have led an application for leave to appeal to the Federal Court against the Court of Appeal’s judgement.
The hearing date for the said application has yet to be xed by the Federal Court.
36.
Signi cant events
(a)
Acquisition by Pahang Specialist Hospital Sdn Bhd (“PSHSB”) of leasehold land
On 22 June 2011, PSHSB, a wholly-owned subsidiary of Kumpulan Perubatan (Johor) Sdn Bhd (”KPJSB”) proposed to acquire a
3.12 acre leasehold land for a total consideration of RM3,756,750 to be satis ed via issuance of 3,756,750 ordinary shares of RM1.00
each in PSHSB.
The proposed acquisition was completed on 3 March 2013.
(b)
Acquisition by Kumpulan Perubatan (Johor) Sdn Bhd (“KPJSB”) of 80% equity interest in PT Khidmat Perawatan Jasa Medika
(“PT KPJ Medika”).
On 23 March 2012, KPJSB accepted the offer to acquire of up to 80% equity interest in PT Khidmat Perawatan Jasa Medika PT KPJ
Medika from Johor Corporation for a total cash consideration of RM15,840,000.
On 9 July 2012, KPJSB has entered into a conditional Sale of Shares Agreement (“SSA”) with Johor Corporation in relation to the
Proposed Acquisition.
The proposed acquisition was completed on 7 March 2013.
(c)
Acquisition by Pharmaserv Alliances Sdn Bhd (“PASB”) of a 3 Storey Of ce Building together with a Single Storey Warehouse
On 1 June 2012, PASB, a wholly owned subsidiary of Kumpulan Perubatan (Johor) Sdn Bhd (”KPJSB”), proposed to acquire a 3
Storey Of ce Building together with a Single Storey Warehouse from Lewre International Sdn Bhd (“LEWRE”) for a total purchase
consideration of RM14,200,000.
The proposed acquisition was completed on 16 January 2013.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)