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 01, 2015
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 ("PROPOSED LEASEBACK")

We refer to the earlier announcements in relation to the Proposals (“Earlier Announcements”) and the Circular to shareholders of the Company dated 24 June 2015 (“Circular”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Earlier Announcements and the Circular.

On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad wishes to announce that the parties to the SPA had exchanged letters to extend the cut-off date for the fulfilment of the conditions precedent by an additional three (3) months to 2 January 2016.  This is to allow time for the Memorandum of Transfer for the Properties to be presented for registration at the relevant registry (“Registration”).  The Registration is pending due to the relevant stamp duty office endorsement that the Memorandum of Transfer in respect of the Properties is exempted from the payment of stamp duty pursuant to Stamp Duty (Exemption) (No. 4) Order 2004 which has yet to be obtained to-date.

This announcement is dated 1 October 2015.

 





Announcement Info

Company Name KPJ HEALTHCARE BERHAD
Stock Name KPJ
Date Announced 01 Oct 2015
Category General Announcement for PLC
Reference Number GA1-01102015-00011