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 the 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 Proposed Disposal has become unconditional on 19 October 2015 following the receipt of the relevant stamp duty office endorsement via the adjudication notice dated 19 October 2015 which confirms that the Memorandum of Transfer of the Properties are exempted from payment of ad valorem stamp duty pursuant to Stamp Duty (Exemption) (No. 4) Order 2004.
