KPJ Healthcare Berhad

KPJ unit to acquire 8 apartments in Rompin for RM1.9m

KPJ Healthcare Bhd announced that its wholly-owned subsidiary Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB) signed separate agreements yesterday with JCorp Hotels and Resorts Sdn Bhd to acquire eight uni

KPJ Healthcare Bhd announced that its wholly-owned subsidiary Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB) signed separate agreements yesterday with JCorp Hotels and Resorts Sdn Bhd to acquire eight units of serviced apartments for RM1.93 million.

The purchase consideration for each unit of the apartments is RM241,860, KPJ said in a filing to Bursa Malaysia, adding that the parties had also executed a Deed of Assignment by which KPJSB agreed to bear the entire responsibility and undertaking on the part of the vendor as contained and expressed in the Principal Agreement.

The serviced apartments are part of the Berjaya Tioman Suites (formerly known as Tioman Horizon Condotel) developed by Tioman Island Resort Bhd, located in Bandar Tioman, Rompin, Pahang.

"The purchase consideration for the land shall be financed from internally generated funds of the KPJ Group," said KPJ.

The company also said that the proposed acquisition may be used as a training and skills development centre when the need arises, and will be leased to the public and managed by the vendor.

-Bernama