TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description
VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") AND ESTIMATED AGGREGATED VALUE
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.
