KPJ Healthcare Berhad

KPJ unit in Indonesian deal

KPJ Healthcare Bhd said its whollyowned subsidiary, Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB), has entered into a related party transaction to acquire up to 80% equity interest in PT Khidmat Perawata

PETALING JAYA: KPJ Healthcare Bhd said its whollyowned subsidiary, Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB), has entered into a related party transaction to acquire up to 80% equity interest in PT Khidmat Perawatan Jasa Medika (PT KPJ Medika) in Indonesia for a total cash consideration of RM15.84mil.
KPJ said in a statement to Bursa Malaysia that KPJSB had already signed a conditional sale of shares agreement with Johor Corp, a major shareholder of KPJ, yesterday in relation to the proposed acquisition, which was expected to be completed by the fourth quarter of 2012.