TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL BY PUTERI SPECIALIST HOSPITAL (JOHOR) SDN BHD, A SUBSIDIARY OF KPJ OF TWO (2) PIECES OF LANDS, BOTH SITUATED IN THE TOWN OF JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR TO AL-`AQAR HEALTHCARE REIT (“AL-`AQAR”) FOR A TOTAL CONSIDERATION OF RM3,590,000.00 TO BE FULLY SATISFIED IN CASH (“PROPOSED DISPOSAL”)
The Board of Directors of KPJ (“Board”) wishes to announce that its subsidiary, Puteri Specialist Hospital (Johor) Sdn Bhd (“PSHSB” or “Vendor”) had on 8 August 2012, entered into a sale and purchase agreement with Al-`Aqar, represented by its trustee, AmanahRaya Trustees Berhad (“Trustee”) to dispose of their entire interest in two (2) pieces of lands both situated in the town of Johor Bahru, District of Johor Bahru, State of Johor (“SPA”) for a total consideration of RM3,590,000.00 (“Disposal Consideration”). This announcement is dated 8 August 2012.
