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): Related Party Transactions

BackAug 02, 2011

Date Announced

02/08/2011

Type

Announcement

Subject

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS

Description

KPJ HEALTHCARE BERHAD (“KPJ” OR THE “COMPANY”)

PROPOSED DISPOSAL BY THE SUBSIDIARIES OF KPJ HEALTHCARE BERHAD (“KPJ”) OF THEIR INTERESTS IN:-

- BANDAR BARU KLANG SPECIALIST HOSPITAL BUILDING;
- KLUANG UTAMA SPECIALIST HOSPITAL BUILDING; AND
- RUMAH SAKIT BUMI SERPONG DAMAI BUILDING

(COLLECTIVELY REFERRED TO AS “PROPERTIES”)

TO AL-`AQAR KPJ REIT (“AL-`AQAR”) FOR A TOTAL SALE CONSIDERATION OF RM138,770,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM83,261,820 AND PARTLY BY THE ISSUANCE OF 56,641,000 NEW UNITS IN AL-`AQAR AT AN ISSUE PRICE OF RM0.98 PER UNIT (“PROPOSED DISPOSALS”)

Announcement Details/Table Section :

This announcement is dated 2 August 2011.

Reference is made to the announcements dated 9 March 2010, 30 April 2010 and 1 December 2010.

On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad (“AmInvestment Bank”), a member of AmInvestment Bank Group, wishes to announce that the proposed disposal of Rumah Sakit Bumi Serpong Damai Building and Rumah Sakit Medika Permata Hijau Building have been completed on 26 July 2011 with the full settlement of the sale consideration and the execution of the sale and purchase deed and transfer form in accordance with the laws of the Republic of Indonesia.