ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN. BHD. ("KPJSB"), A WHOLLY-OWNED SUBSIDIARY OF KPJ OF THE FOLLOWING : (i) 100% EQUITY INTEREST IN SIBU MEDICAL CENTRE CORPORATION SDN BHD. "SMCC") COMPRISING 6,624,944 ORDINARY SHARES ( "SALE SHARES") OF RM 1.00 EACH AND (ii) 100% EQUITY INTEREST IN SIBU GERIATRIC HEALTH & NURSING CENTRE SDN BHD. ("SGHNC") COMPRISING 1,080,000 ORDINARY SHARES ("SALE SHARES") OF RM 1.00 EACH FOR AN AGGREGATE CASH CONSIDERATION OF RM 28,146,000 ("PROPOSED ACQUISITIONS")
ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN. BHD. (“KPJSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ OF THE FOLLOWING : (i) 100% EQUITY INTEREST IN SIBU MEDICAL CENTRE CORPORATION SDN BHD. "SMCC") COMPRISING 6,624,944 ORDINARY SHARES ( "SALE SHARES") OF RM 1.00 EACH AND (ii) 100% EQUITY INTEREST IN SIBU GERIATRIC HEALTH & NURSING CENTRE SDN BHD. ("SGHNC") COMPRISING 1,080,000 ORDINARY SHARES ("SALE SHARES") OF RM 1.00 EACH FOR AN AGGREGATE CASH CONSIDERATION OF RM 28,146,000 ("PROPOSED ACQUISITIONS")
Contents
:
The Board of Directors of KPJ (“Board”) wishes to announce that the Company's wholly-owned subsidiary, KPJSB, had on 18 January 2011 entered into separate Share Sale Agreements with the relevant Vendors (as defined in Section 3.5) to acquire the following :-
(a) 100% equity interest in SMCC comprising 6,624,944 ordinary sharee of RM 1.00 each ( "Sale Shares") for an aggregate purchase consideration of RM 26,904,000 ("SMCC Purchase Consideration"); and
(b) 100% equity interest in SGHNC comprising 1,080,000 sharee for an aggregate purchase consideration of RM1,242,000 ("SGHNC Purchase Consideration")
The details of the announcement are as per attached.
