TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description
:
PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD ("KPJSB"), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF UP TO 80% EQUITY INTEREST IN PT KHIDMAT PERAWATAN JASA MEDIKA ('PT KPJ MEDIKA") FOR A TOTAL CASH CONSIDERATION OF RM 15,840,000.00 ("PROPOSED ACQUISIITON")
Announcement Details/Table Section :
The Board of Directors of KPJ ("Board") wishes to announce that Johor Corporation ("JCorp"), a major shareholder of KPJ, had on 27 February offered to sell its entire holding in PT KPJ Medika of 16,000 ordinary shares of Rp1,000,000 each ("Sale Shares") or equivalent to 80% equity in PT KPJ Medika ("Offer") for a total cash consideration of RM 15,840,000.00 ("Purchase Consideration"). KPJ had then, via a letter dated 23 March 2012 accepted the Offer ("Acceptance").
A conditional Sale of Shares Agreement ("Conditional SSA") shall be executed by the parties within a month of the date of the Acceptance and an announcement to that effect shall be made accordingly.
