Bursa Announcements

Kpj Healthcare Berhad ("kpj" Or "the Company') - proposed Disposals by the Subsidiary and Associated Companies of kpj of Their Entire Interest in Perdana specialist hospital building, Kuantan specialist hospital building, Sentosa medical centre Building, kpj Kajang Specialist Hospital building and Kedah Medical Centre Building (collectively Known as the "properties") to al-'aqar kpj reit for a Total Sale consideration of Rm170,040,000 to be Satisfied partly by Cash Consideration of Rm85,755,050 and Partly by Issuance of 88,721,000 New units in al-'aqar kpj reit ("units") At An Issue Price of Rm0.95 Per Unit to Be Credited As Fully Paid-up ("proposed Disposals"); And - Proposed Distribution of the Investment in units held by kpj To the Shareholders of kpj On The Basis of Seven (7) Units in Al-'aqar kpj Reit For Every Hundred (100) Ordinary Shares of Rm1.00 Each Held In Kpj By Way Of A Dividend-in-specie ("proposed Distribution")

BackSep 21, 2007

General Announcement
Reference No MM-070921-52689

Submitting Merchant Bank
:
AMINVESTMENT BANK BERHAD 
Company Name
:
KPJ HEALTHCARE BERHAD 
Stock Name
:
KPJ
Date Announced
:
21/09/2007


Type : Announcement
Subject : KPJ HEALTHCARE BERHAD ("KPJ" OR "THE COMPANY')

- PROPOSED DISPOSALS BY THE SUBSIDIARY AND ASSOCIATED COMPANIES OF KPJ OF THEIR ENTIRE INTEREST IN PERDANA SPECIALIST HOSPITAL BUILDING, KUANTAN SPECIALIST HOSPITAL BUILDING, SENTOSA MEDICAL CENTRE BUILDING, KPJ KAJANG SPECIALIST HOSPITAL BUILDING AND KEDAH MEDICAL CENTRE BUILDING (COLLECTIVELY KNOWN AS THE "PROPERTIES") TO AL-‘AQAR KPJ REIT FOR A TOTAL SALE CONSIDERATION OF RM170,040,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM85,755,050 AND PARTLY BY ISSUANCE OF 88,721,000 NEW UNITS IN AL-‘AQAR KPJ REIT ("UNITS") AT AN ISSUE PRICE OF RM0.95 PER UNIT TO BE CREDITED AS FULLY PAID-UP ("PROPOSED DISPOSALS"); AND

- PROPOSED DISTRIBUTION OF THE INVESTMENT IN UNITS HELD BY KPJ TO THE SHAREHOLDERS OF KPJ ON THE BASIS OF SEVEN (7) UNITS IN AL-‘AQAR KPJ REIT FOR EVERY HUNDRED (100) ORDINARY SHARES OF RM1.00 EACH HELD IN KPJ BY WAY OF A DIVIDEND-IN-SPECIE ("PROPOSED DISTRIBUTION")

Contents :

We refer to the announcements made on 18 May 2007 and 25 June 2007 by KPJ in relation to the Proposed Disposals and Proposed Distribution.

AmInvestment Bank Berhad ("AmInvestment Bank")(formerly known as AmMerchant Bank Berhad), on behalf of KPJ, is pleased to announce that the Securities Commission ("SC") had, vide its letter dated 19 September 2007 (which we received on 21 September 2007), approved the Proposed Disposals and Proposed Distribution.

The SC's approvals are subject to the following terms and conditions:

(i) the terms of the disposals as set out in Table 1 below;

(ii) Distribution of investment in units of Al-`Aqar KPJ REIT held by KPJ to its shareholders on the basis of 7 units in Al-`Aqar KPJ REIT for every 100 ordinary shares of RM1.00 each held in KPJ by way of a dividend-in-specie;

(iii) AmInvestment / KPJ to comply with the relevant requirements of the Policies and Guidelines on Issue / Offer of Securities in relation to the implementation of the Proposed Disposals; and

(iv) AmInvestment / KPJ to inform the SC upon completion of the proposal.


This announcement is dated 21 September 2007.



Table 1.doc