TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description
KPJ HEALTHCARE BERHAD ("KPJ" OR THE "COMPANY")
PROPOSED DISPOSAL OF THE AGED CARE BUSINESS INCLUDING ITS SELECTED EXISTING ASSETS AND LIABILITIES BY JETA GARDENS (QLD) PTY LTD AND JETA GARDENS AGED CARE (QLD) PTY LTD (COLLECTIVELY, "VENDORS"), THE SUBSIDIARIES OF KPJ TO DPG SERVICES PTY LTD ("DISPOSAL")
Reference is made to the Company’s announcement dated 13 December 2023 in relation to the Disposal (“Earlier Announcement”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcement.
The Board of Directors of KPJ wishes to announce that the Disposal had been completed on 31 January 2024 at 9.59 p.m. (Queensland, Australia time: 11.59 p.m.) following the fulfilment of Conditions Precedent and the obligations on completion as stipulated in the Business Sale Agreement.
