PROPOSED DISPOSAL BY THE SUBSIDIARIES OF KPJ HEALTHCARE BERHAD (“KPJ”) OF THEIR INTERESTS IN:-
- SEREMBAN SPECIALIST HOSPITAL BUILDING; - TAIPING MEDICAL CENTRE BUILDING; - DAMAI SPECIALIST HOSPITAL BUILDING; - BUKIT MERTAJAM SPECIALIST HOSPITAL BUILDING; - KPJ PENANG SPECIALIST HOSPITAL BUILDING; - TAWAKAL HOSPITAL EXISTING BUILDING; - KPJ TAWAKAL SPECIALIST HOSPITAL BUILDING; AND - KPJ INTERNATIONAL COLLEGE OF NURSING AND HEALTH SCIENCES BUILDING (FORMERLY KNOWN AS PNC INTERNATIONAL COLLEGE OF NURSING AND HEALTH SCIENCES BUILDING) (“KPJIC BUILDING”)
TO AL-`AQAR KPJ REIT (“AL-`AQAR”) FOR A TOTAL SALE CONSIDERATION OF RM292,500,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM175,626,250 AND PARTLY BY THE ISSUANCE OF 123,025,000 NEW UNITS IN AL-`AQAR AT AN ISSUE PRICE OF RM0.95 PER UNIT (“PROPOSED DISPOSALS”)
Announcement Details :
This announcement is dated 7 June 2010.
We refer to the announcements dated 19 August 2008, 4 September 2008, 3 February 2009, 25 February 2009 and 30 March 2009 in respect of the Proposed Disposals.
On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad, a member of AmInvestment Bank Group, wishes to announce that the solicitors for the Proposed Disposals have confirmed via their letter dated 4 June 2010 that all the conditions precedent as provided under the sale and purchase agreement for the proposed disposal of KPJ Tawakal Specialist Hospital Building dated 19 August 2008 and supplemental letter 4 September 2009 have been fulfilled.
