TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description
KPJ HEALTHCARE BERHAD ("KPJ" OR THE "COMPANY")
PROPOSED DISPOSAL OF 2 PARCELS OF VACANT FREEHOLD LAND IN BETHANIA QUEENSLAND AUSTRALIA BY JETA GARDENS (QLD) PTY LTD ("JETA GARDENS"), A SUBSIDIARY OF KPJ, TO JLAND AUSTRALIA PTY LTD ("JLAND AUSTRALIA") FOR A TOTAL CASH CONSIDERATION OF AUSTRALIAN DOLLARS ("AUD") 6,500,000 ("PROPOSED DISPOSAL")
Reference is made to the Company’s announcement on 13 September 2022 in relation to the Proposed Disposal ("Earlier Announcement”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcement.
On behalf of the Board of Directors of KPJ ("Board"), AmInvestment Bank Berhad wishes to provide additional information to the Earlier Announcement.
In addition, the Company's subsdiary Jeta Gardens, had on 17 January 2023, issued a supplemental letter to JLand Australia ("Supplemental Letter") to vary the CCLB and to include additional terms and conditions into the CCLB, which include inter-alia that the CCLB is conditional upon the shareholders’ approval of KPJ on the Proposed Disposal being obtained by the settlement date (“Shareholders’ Approval Condition”). The Supplemental Letter has been acknowledged and agreed by JLand Australia, and received by KPJ on 27 January 2023.
Please refer to the attachment for further details.
