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):Related Party Transactions

BackApr 25, 2014
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description KPJ HEALTHCARE BERHAD (“KPJ” OR “COMPANY”)

VARIATION OF 10% OR MORE BETWEEN THE ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTION ("RRPT") TRANSACTED OVER THE ESTIMATED AGGREGATED VALUE DISCLOSED IN 2013 MANDATE
This announcement is dated 25 April 2014.
Pursuant to Paragraph 10.09(2)(e) Main Market Listing Requirement of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of KPJ wishes to announce that the actual value of RRPT transacted pursuant to 2013 mandate has exceeded the estimated aggregated value disclosed in 2013 mandate of RRPT by more than 10%.

The details of the transaction are as follows:-


Nature of transaction
Transacting Party
Estimated aggregated value disclosed in 2013 mandate
Actual value transacted pursuant to 2013 mandate
Variation
(RM'000)
(RM'000)
(%)
Housekeeping contract fees payable HC Duraclean Sdn Bhd
10,745
12,338
14.8

The variation of the actual value of the housekeeping contract fees payable to the abovementioned related company of KPJ exceeded the estimated value by more than 10% during the mandate period mainly due to the standardisation of salary charges and salary increment due to the increase of the minimum wage rate imposed in 2013.

However, it should be noted that, save for the particular transactions above, KPJ has not exceeded the estimated aggregate RRPT value by more than 10% during the mandate period.

 


Announcement Info

Company Name KPJ HEALTHCARE BERHAD  
Stock Name KPJ    
Date Announced 25 Apr 2014  
Category General Announcement
Reference No JC-140425-3550A