39 SIGNIFICANT EVENTS (CONTINUED)
(c) On 31 March 2015, Kumpulan Perubatan (Johor) Sdn Bhd, a wholly owned subsidiary of the Company, had entered into
share sale agreement with Amanah Raya Trustee Berhad, being the trustee for Al-‘Aqar Healthcare REIT for the
acquisition of the entire equity interests in Crossborder Hall (M) Sdn Bhd and Crossborder Aim (M) Sdn Bhd for a total
cash consideration of RM5.17 million upon the terms and conditions of the Crossborder SSA.
The Proposed Acquisition had been completed in December 2015.
(d) On 3 November 2014, Point Zone (M) Sdn Bhd (“Point Zone”) ( a wholly-owned subsidiary of the company) had received
the authorisation from the Securities Commission Malaysia (the “SC”) to establish the issuance of Islamic Commercial
Papers (“ICP”) pursuant to an ICP programme and Islamic Medium Term Notes (“IMTN”) pursuant to an IMTN
programme collectively known as “Sukuk Programme” up to RM1.5 billion.
The proceeds raised from the Sukuk Programme shall be utilised to refinance the outstanding amount under the
existing Islamic Commercial Papers/Islamic Medium Term Notes Programme of up to RM500.0 million issued by Point
Zone or under a Bridging Loan Facility of up to RM450.0 million (as the case may be); and to advance to the Company
to finance the expansion and working capital requirements of the KPJ group's healthcare and healthcare related
businesses (Including to finance/refinance any borrowings incurred in relation there to).
The ICP Programme shall have a tenure of 7 years from the first issuance date whilst the IMTN Programme shall have
a tenure of 10 years from the first issuance.
40 CAPITAL COMMITMENTS
Capital expenditure not provided for in the financial statements is as follows:
Group
2015
RM’000
2014
RM’000
Approved by the Directors and contracted
502,890
99,513
Approved by the Directors but not contracted
189,528
238,825
692,418
338,338
Analysed as follows:
– Leasehold land
–
2,880
– Buildings
572,733
205,784
– Medical equipments
56,775
39,919
– Other property, plant and equipment
62,910
89,755
692,418
338,338
322
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONTINUED)
