TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description
KPJ HEALTHCARE BERHAD (KPJ OR COMPANY)
PROPOSED DISPOSAL OF 30% EQUITY SHAREHOLDING IN HOSPITAL PENAWAR SDN BHD (HOSPITAL PENAWAR) TO DR MOHD ADNAN BIN SULAIMAN (DR MOHD ADNAN) AND AZIZAN BIN SULAIMAN (AZIZAN) (COLLECTIVELY KNOWN AS THE PURCHASERS) BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (KPJSB), A WHOLLY-OWNED SUBSIDIARY OF KPJ (PROPOSED DISPOSAL)
The Board of Directors of KPJ (“Board”) wishes to announce that KPJSB had on 1 December 2016 entered into a Sale and Purchase Agreement (“SPA”) with the Purchasers to dispose Thirty percent (30%) equity shareholding of Hospital Penawar amounting to Seven Hundred Twenty Thousand in Hospital Penawar (“Sale Shares”) to the Purchasers for a total cash consideration of Two Million Two Hundred Nine Thousand Eight Hundred Sixty (RM2,209,860.00) only subject to the terms and conditions as contained in the SPA.
For further details on the Proposed Disposal, please refer to the attachment.
