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 announcements dated 3 October 2014, 13 February 2015, 13 May 2015, 23 June 2015, 9 July 2015, 1 October 2015 and 20 October 2015 in relation to the Proposed Disposal (“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 Announcements and the Circular.
On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad wishes to announce that the Proposed Disposal had completed on 1 December 2015 in accordance with the terms and conditions of the SPA and following the receipt of RM38.80 million by PNCSB, being the remaining portion of the Cash Consideration.
In addition, on even date, PNCSB had entered into a lease agreement with the Trustee, on behalf of Al-`Aqar, for the lease of the Properties to PNCSB.
