TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description
KPJ HEALTHCARE BERHAD ("KPJ" OR "COMPANY")
PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (“KPJSB”), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF ONE HUNDRED PERCENT (100%) EQUITY IN BDC SPECIALIST HOSPITAL SDN BHD (COMPANY NO: 124793-K) (“BDCSHSB”) FOR A TOTAL CASH CONSIDERATION OF RM16,516,144.00 (“PROPOSED ACQUISITION”)
The Board of Directors of KPJ (“Board”) wishes to announce that KPJSB, a wholly-owned subsidiary of KPJ, had on 6 November 2013 entered into a conditional Share Sale Agreement (“SSA”) with Usaha Cendera Sdn Bhd (formerly known as Usaha Cendera Cerah Sdn Bhd) (Company No: 119902-W) (“Vendor”) for the acquisition of 2 ordinary shares of RM1.00 each in BDCSHSB (“Sale Shares”) which is equivalent to 100% of the equity of BDCSHSB for a total cash consideration of RM16,516,144.00. BDCSHSB is the registered owner of all that parcel of leasehold land described as Lot 18807 Block 11 Muara Tebas Land District located at Stampin, Kuching, Sarawak measuring approximately 1.918 hectares (“Land”). Henry Butcher in their valuation report dated 11 December 2012 (“Valuation Report”) has valued the Land based on the market value of RM16,590,000.00.
Upon the completion of the Proposed Acquisition, BDCSHSB will be a wholly-owned subsidiary of KPJSB. The details of the Proposed Acquisition are as per attachment.
