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") (Amended Announcement)
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.
The land area of the property as detailed on page 1(item 2.1) of the attachment should be 6,944,4048 square metres.
