PROPOSED DISPOSALS BY KPJ AND THE SUBSIDIARIES OF KPJ OF THEIR INTEREST IN:-
- RUMAH SAKIT BUMI SERPONG DAMAI (“RSBSD”) BUILDING - KLUANG UTAMA SPECIALIST HOSPITAL BUILDING - BANDAR BARU KLANG SPECIALIST HOSPITAL BUILDING
(COLLECTIVELY KNOWN AS THE “PROPERTIES”, OR SINGLY, THE “PROPERTY”)
TO AL-`AQAR KPJ REIT (“AL-`AQAR”) FOR A TOTAL SALE CONSIDERATION OF RM138,770,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM83,261,820 AND RM55,508,180 BY THE ISSUANCE OF 56,641,000 NEW UNITS IN AL-`AQAR AT AN ISSUE PRICE OF RM0.98 PER UNIT (“PROPOSED DISPOSALS”)
Announcement Details :
This announcement is dated 9 March 2010.
On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad (“AmInvestment Bank”), a member of AmInvestment Bank Group, wishes to announce that the subsidiaries of KPJ, namely PT KPJ Medica, a 75%-owned subsidiary of KPJ, Pusat Pakar Kluang Utama Sdn. Bhd. (“PPKUSB”) and Bandar Baru Klang Specialist Hospital Sdn Bhd (formerly known as Ipoh Radiotherapy Sdn Bhd) (“BBKSHSB”), both wholly-owned subsidiaries of KPJ (collectively referred to as the “Vendors” or singly, the “Vendor”) are proposing to dispose of their entire interest in the Properties to Al-`Aqar.
