Bursa Announcements

PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD ("KPJSB"), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF UP TO 51% EQUITY INTEREST IN JETA GARDENS WATERFORD TRUST ("JGWT") FOR A TOTAL CASH CONSIDERATION OF UP TO RM19,000,000 ("PROPOSED ACQUISITION")

BackSep 22, 2010
Date Announced
:
22/09/2010  




Type
:
Announcement
Subject
:
PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (“KPJSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF UP TO 51% EQUITY INTEREST IN JETA GARDENS WATERFORD TRUST (“JGWT”) FOR A TOTAL CASH CONSIDERATION OF UP TO RM19,000,000 (“PROPOSED ACQUISITION”)

Contents
:
The Board of Directors of KPJ (“Board”) wishes to announce that the Company’s wholly-owned subsidiary, KPJSB, has on 22 September 2010, entered into a conditional Subscription Deed (“Deed”) for the acquisition of up to 367,605 new ordinary units in JGWT (representing up to 51% equity interest in JGWT) and up to 3,308,415 10-year convertible notes convertible into new ordinary units in JGWT (“Convertible Notes”) to be undertaken in two (2) tranches for a total cash consideration of up to RM19,000,000 (“Purchase Consideration”) (“Proposed Acquisition”).

The details of the Proposed Acquisition are as per Attached.

This announcement is dated 22 September 2010.

Attachments

  1. KPJ220910.pdf (Size: 221,866 bytes)