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 (“EarlierAnnouncements”) 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.
