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

BackOct 03, 2014

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KPJ HEALTHCARE BERHAD (“KPJ” OR ”COMPANY”) (I) PROPOSED DISPOSAL OF TWO (2) PARCELS OF FREEHOLD LANDS TOGETHER WITH BUILDINGS ERECTED THEREON (COLLECTIVELY, “PROPERTIES”) BY PUTERI NURSING COLLEGE SDN BHD, A WHOLLY OWNED SUBSIDIARY OF KPJ (“PNCSB” OR “VENDOR”) TO AL-`AQAR HEALTHCARE REIT (“AL-`AQAR” OR “REIT”) FOR A TOTAL CONSIDERATION OF RM77,800,000 (“PROPOSED DISPOSAL”); AND (II) PROPOSED LEASEBACK OF THE PROPERTIES TO PNCSB AFTER THE COMPLETION OF THE PROPOSED DISPOSAL SUBJECT TO THE TERMS AND CONDITIONS OF THE LEASE AGREEMENT (“PROPOSED LEASEBACK”) (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
This announcement is dated 3 October 2014. On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad (“AmInvestment Bank”), wishes to announce that PNCSB, had on 3 October 2014 entered into a sale and purchase agreement (“SPA”) with AmanahRaya Trustees Berhad (“Trustee” or “Purchaser”), on behalf of Al-`Aqar, to dispose the Properties for a total disposal consideration of RM77,800,000 (“Disposal Consideration”) upon the terms and conditions of the SPA ("Proposed Disposal"). Upon completion of the Proposed Disposal, PNCSB will enter into a lease agreement (“Lease Agreement”) with Al-`Aqar, represented by its Trustee, and Damansara REIT Managers Sdn Berhad, being the manager of Al-`Aqar (“Manager”), for the lease of the Properties to PNCSB upon terms and conditions of the Lease Agreement to be agreed between the aforesaid parties ("Proposed Leaseback"). The Proposed Disposal and Proposed Leaseback is collectively referred to as "Proposals". For further details on the Proposals, kindly refer to the attachment.

Announcement Info

Company Name	KPJ HEALTHCARE BERHAD
Stock Name	KPJ
Date Announced	3 Oct 2014
Category	General Announcement
Reference No	MB-141003-53711

Attachments

KPJ_031014.pdf (Size: 118,260 bytes)