DISPOSAL BY PUTERI SPECIALIST HOSPITAL (JOHOR) SDN BHD, A SUBSIDIARY OF KPJ OF TWO (2) PIECES OF LANDS, BOTH SITUATED IN THE TOWN OF JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR TO AL-`AQAR HEALTHCARE REIT (“AL-`AQAR”) FOR A TOTAL CONSIDERATION OF RM3,590,000 FULLY SATISFIED IN CASH (“DISPOSAL”)
Reference is made to the announcements dated 8 August 2012 and 18 November 2014 in relation to the Proposed Acquisition (“Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.
The Board of Directors of KPJ wishes to announce that Puteri Specialist Hospital (Johor) Sdn Bhd (“PSHSB”) entered into a supplemental lease agreement with Al-‘Aqar represented by its Trustee, AmanahRaya Trustees Berhad together with DRMSB on 20 April 2015 for the lease of the PSHSB Lands by Al-‘Aqar to PSHSB.
The lease rental rate for the PSHSB Lands shall be 5.5% per annum up until 31 December 2015 based on the purchase consideration of RM3.59 million. After 31 December 2015, the lease rental rate of the PSHSB Lands shall be the same as the lease rental rate of the existing Puteri Specialist Hospital.
