Proposed Joint Venture Between Kumpulan Perubatan (Johor) Sdn Bhd ("KPJSB"), a wholly-owned subsidiary of KPJ And Pasdec Corporation Sdn Bhd ("PCSB"), A Wholly-owned Subsidiary Of Pasdec Holdings Berhad ("Pasdec") ("Proposed Joint Venture")
PROPOSED JOINT VENTURE BETWEEN KUMPULAN PERUBATAN (JOHOR) SDN BHD (“KPJSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ AND PASDEC CORPORATION SDN BHD (“PCSB”), A WHOLLY-OWNED SUBSIDIARY OF PASDEC HOLDINGS BERHAD (“PASDEC”) (“PROPOSED JOINT VENTURE”)
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The Board of Directors of KPJ (“Board”) wishes to announce that KPJSB had, on 20 July 2009 entered into a Joint Venture Agreement incorporating the Shareholders’ Agreement (“JVA”) with PCSB to set up a joint venture company (“JV Co”), for the purpose of developing a hospital building on a leasehold land measuring approximately 3.12 acres held under H.S. (M) 6562 Lot No. PT 83065 at Tanjung Lumpur District of Kuala Kuantan, Kuantan Pahang (“Land”). The name of the JV Co will be announced at a later date once the JV Co has been incorporated.
