Investor Relations

KPJ Healthcare Berhad (KPJ) is one of the leading private healthcare providers in the region with a network of 29 hospitals in Malaysia, 1 hospital in Thailand, 1 hospital in Bangladesh and 4 retirement and aged care facilities in Kuala Lumpur, Sibu, Pahang and in Brisbane, Australia. With more than 3,500 operating beds, KPJ hospitals offer a comprehensive range of specialist medical services that treated more than 3 million patients in 2022.

Bursa Announcements

Transactions (Chapter 10 Of Listing Requirements): Non Related Party Transactions

BackJun 22, 2011
Date Announced
:
22/06/2011  



Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
PROPOSED ACQUISITION BY PAHANG SPECIALIST HOSPITAL SDN BHD (FORMERLY KNOWN AS EVOLUSI SPEKTRA (M) SDN BHD) ("PSHSB"). A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF A 3.12-ACRE LEASEHOLD LAND FOR A TOTAL CONSIDERATION OF RM 3,756,750 TO BE SATISFIED VIA ISSUANCE OF 3,756,750 ORDINARY SHARES OF RM 1.00 EACH IN PSHSB ("PSHSB SHARE") ("CONSIDERATION SHARES" ("PROPOSED ACQUISITION")

Announcement Details/Table Section :

This announcement is dated 22 June 2011.

We refer to the announcement dated 20 July 2009 in relation to the Proposed Joint Venture (“Earlier Announcement”).

Unless otherwise stated, the defined terms used throughout this announcement shall have the same meaning as defined in the Earlier Announcement.

The Board wishes to announce that the Company’s wholly-owned subsidiary, PSHSB, has on 22 June 2011, entered into a conditional Sale and Purchase Agreement (“SPA”) with Pasdec Corporation Sdn Bhd (“PCSB” or “Vendor”) for the acquisition of a 3.12-acre leasehold land (“Land”) within a parcel of land held under H.S.(M) 65652 Lot No. PT 83065 Mukim Kuala Kuantan, District of Kuala Kuantan, Kuantan, Pahang (“Master Title”) for a total consideration of RM3,756,750 (“Purchase Consideration”) to be satisfied via issuance of 3,756,750 PSHSB Shares (“Consideration Shares”).

KPJSB had earlier, on 20 July 2009, entered into a JVA with PCSB to set up a JV Co for the purpose of developing a hospital building on the Land. PSHSB was incorporated on 4 November 2009 as the JV Co pursuant to the JVA.

Pursuant to the JVA, PCSB had agreed to dispose and transfer the Land to the JV Co in exchange for the Purchase Consideration within one (1) year from the date of execution of the JVA or such later period as may be agreed upon by KPJSB (“Disposal Period”) with the grant of an extension of an additional period of one (1) year to PCSB in the event the Land could not be transferred to the JV Co within the Disposal Period (“Extended Disposal Period”).

The details of the announcement is as attached.

Attachments

  1. KPJ-_Purchase_of_Land.pdf (Size: 212,641 bytes)