Investor Relations

KPJ Healthcare Berhad (KPJ) is one of the leading private healthcare providers in the region with a network of 29 hospitals in Malaysia, 1 hospital in Thailand, 1 hospital in Bangladesh and 4 retirement and aged care facilities in Kuala Lumpur, Sibu, Pahang and in Brisbane, Australia. With more than 3,500 operating beds, KPJ hospitals offer a comprehensive range of specialist medical services that treated more than 3 million patients in 2022.

Bursa Announcements

Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions

BackNov 19, 2013
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

KPJ HEALTHCARE BERHAD ("KPJ" OR "COMPANY")

DEED OF AGREEMENT ENTERED INTO BETWEEN KUMPULAN PERUBATAN (JOHOR) SDN BHD (“KPJSB”), A WHOLLY OWNED SUBSIDIARY OF KPJ AND FATHER OF THE NATION BANGABANDHU SHEIKH MUJIBUR RAHMAN MEMORIAL TRUST (“PROPOSED BUSINESS”)

 

The Board of Directors of KPJ (“Board”) wishes to announce that KPJSB, a wholly-owned subsidiary of KPJ, had on 18 November 2013 entered into a Deed of Agreement (“Agreement”) with Father of the Nation Bangabandhu Sheikh Mujibur Rahman Memorial Trust (“Trust”) to lease a 250-bed hospital building known as “Sheikh Fazilatunnessa Mujib Memorial KPJ Specialist Hospital” (“Hospital”) erected on a piece of land located approximately 50 kilometres from Dhaka, Bangladesh (“Land”) (collectively “Hospital Building”). The Hospital Building was built by the Trust at a cost of Tk2.15 billion (equivalent to RM87.5 million).
Pursuant to the Agreement, KPJSB or its nominee company, KPJ Healthcare (Bangladesh) Private Limited, a subsidiary of KPJSB in Bangladesh, (collectively “License Operator”) will be the license operator of the said Hospital. KPJ Healthcare (Bangladesh) Private Limited will be incorporated upon the fulfillment of the Conditions Precedent (as defined herein). The License Operator proposes to lease the Hospital Building to run and operate the Hospital for an initial period of ten (10) years which is extendable for another five (5) years. The License Operator intends to bring world class healthcare facility to Dhaka’s doorstep by providing a comprehensive, multi-disciplined and focused hospital with Centres of Excellences in the following major disciplines such as Cardiac Services, Orthopaedic, Geriatrics, Obstetrics & Gynaecology (O&G), and Paediatric services.

The details of the Proposed Business are as per attachment.

This announcement is dated 19 November 2013.

 


Announcement Info

Company Name KPJ HEALTHCARE BERHAD  
Stock Name KPJ    
Date Announced 19 Nov 2013  
Category General Announcement
Reference No JC-131118-90B39

Attachments

  1. KPJ_191113.pdf (Size: 275,848 bytes)