Proposed Acquisition By Maharani Specialist Hospital Sdn. Bhd. ("MSHSB"), a Wholly-owned Subsidiary of KPJ, of Maharani Specialist Hospital Building From Property Base Development Sdn. Bhd. ("Vendor") For A Cash Consideration Of RM22,000,000 ("Proposed Acquisition")
KPJ HEALTHCARE BERHAD ("KPJ" OR "COMPANY") - PROPOSED ACQUISITION BY MAHARANI SPECIALIST HOSPITAL SDN. BHD. (“MSHSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF MAHARANI SPECIALIST HOSPITAL BUILDING FROM PROPERTY BASE DEVELOPMENT SDN. BHD. (“VENDOR”) FOR A CASH CONSIDERATION OF RM22,000,000 (“PROPOSED ACQUISITION”)
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The Board of Directors of KPJ ("Board") wishes to announce that the Company's wholly-owned subsidiary,MSHSB had on 16 December 2009 entered into a conditional Sale and Purchase Agreement ("SPA") with the Vendor for the proposed acquisition of a piece of freehold land on which is erected a partially completed building ("Maharani Specialist Hospital Building") for a cash consideration of RM 22,000,000 ("Purchase Consideration")
The details of the announcement are as per attached.
