TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (COMPANY NO: 170968-A) (“KPJSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF ONE HUNDRED PERCENT (100%) EQUITY INTEREST IN RAWANG SPECIALIST HOSPITAL SDN BHD (COMPANY NO: 334166-V) (“RSHSB”) COMPRISING OF 30,000,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM50,630,164.00.00 (“PROPOSED ACQUISITION”)
The Board of Directors of KPJ (“Board”) wishes to announce that the Company’s wholly-owned subsidiary, KPJSB has on 17 April 2013 entered into a Sale and Purchase Agreement (“SPA”) with the shareholders of RSHSB (as listed in Paragraph 2.4 hereto) (collectively the “Vendor”) for the acquisition of one hundred percent (100%) equity interest in RSHSB comprising of 30,000,000 ordinary shares of RM1.00 each (“Sale Shares”) for a total cash consideration of RM50,630,164.00 (“Purchase Price”). Upon the completion of the Proposed Acquisition, RSHSB will be a wholly-owned subsidiary of KPJSB.
The details of the announcement is as per attached.
