Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KPJ Healthcare Berhad (“KPJ”) wishes to announce that the aggregated actual value of the RRPT entered by KPJ and its subsidiaries with Johor Corporation and its subsidiaries (“JCorp Group”), has exceeded the estimated aggregated value of the RRPT disclosed in the Circular to Shareholders dated 27 April 2023 (“Circular”) by more than 10% from the period 22 June 2023 to 4 June 2024. The shareholders’ mandate for the RRPT was approved by KPJ shareholders at its 30th Annual General Meeting held on 22 June 2023.
Details of the excess RRPT as tabulated below: -
|
Mandated Related Party
|
Nature of transactions
|
Actual Value of RRPT transacted from 22 June 2023 to 4 June 2024
|
Estimated Value of RRPT disclosed in the Circular to Shareholders dated 27 April 2023
|
Deviation where Actual Value Exceeds Estimated Value by 10% or more
|
|
(RM’000)
|
(RM’000)
|
(RM’000)
|
|
JCorp Group (except for Al-`Aqar Healthcare REIT and Al-Salām Real Estate Investment Trust)
|
Registrar fees
|
298
|
300
|
|
|
Building management service fees payable for Menara KPJ in Kuala Lumpur
|
5,620
|
1,400
|
|
Insurance coverage payable
|
377
|
400
|
|
Security services fees payable
|
394
|
450
|
|
Purchase of food and beverage consumables
|
90
|
90
|
|
Training and seminar
|
75
|
100
|
|
Medical services provided to JCorp Group's employees as panel hospital
|
658
|
4,000
|
|
Rental payable for renting of land for car park
|
281
|
264
|
| |
|
7,793
|
7,004
|
789
(11.26%)
|
Reason:
The deviation is mainly due to the revision in scope of the building management contract for Menara KPJ.
This announcement is dated 4 June 2024.
