TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD ("KPJSB"), A WHOLLY-OWNED SUBSIDIARY OF KPJ OF THE BALANCE OF 49% EQUITY INTEREST IN SMC HEALTHCARE SDN BHD ("SMCH") EQUIVALENT TO 39,200,000 ORDINARY SHARES OF RM 1.00 EACH FROM SABAH MEDICAL CENTRE SDN BHD ("SMC") FOR A TOTAL CASH CONSIDERATION OF RM 54,880,000.00 ("PROPOSED ACQUISITION")
The Board of Directors of KPJ ("Board") wishes to announce that KPJSB, which is a wholly-owned subsidiary of KPJ, had on 1 August 2012 entered into a conditional Share Sale Agreement ("SSA") with SMC for the acquisition of the balance of 49% of equity interest in SMCH equivalent to 39,200,000 ordinary shares of RM1.00 each ("Sale Shares") from SMC for a cash consideration of RM 54,880,000.00 ("Purchase Consideration" ). With the completion of the Proposed Acquisition, SMCH shall be a wholly-owned subsidiary of KPJSB. This announcement is dated 1 August 2012.
