TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY AMANAHRAYA TRUSTEES BERHAD, ON BEHALF OF AL-`AQAR HEALTHCARE REIT ("AL-`AQAR"), OF A HOSPITAL KNOWN AS KPJ BATU PAHAT SPECIALIST HOSPITAL TOGETHER WITH A 5 ACRES OF LAND FROM JOHOR LAND BERHAD FOR A TOTAL CONSIDERATION OF RM78 MILLION ("PROPOSED ACQUISITION") AND PROPOSED NOVATION OF THE LEASE OF THE SAID PROPERTY FROM JOHOR LAND BERHAD TO AMANAHRAYA TRUSTEES BERHAD ("PROPOSED LEASE NOVATION") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

AL-`AQAR HEALTHCARE REIT

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY AMANAHRAYA TRUSTEES BERHAD, ON BEHALF OF AL-`AQAR HEALTHCARE REIT ("AL-`AQAR"), OF A HOSPITAL KNOWN AS KPJ BATU PAHAT SPECIALIST HOSPITAL TOGETHER WITH A 5 ACRES OF LAND FROM JOHOR LAND BERHAD FOR A TOTAL CONSIDERATION OF RM78 MILLION ("PROPOSED ACQUISITION") AND PROPOSED NOVATION OF THE LEASE OF THE SAID PROPERTY FROM JOHOR LAND BERHAD TO AMANAHRAYA TRUSTEES BERHAD ("PROPOSED LEASE NOVATION") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the earlier announcements in relation to the Proposals (“Earlier Announcements”) and the Circular to the unit holders of Al-`Aqar dated 28 November 2019 (“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 DRMSB, AmInvestment Bank Berhad wishes to announce that the Proposed Acquisition has become unconditional on 19 December 2019 following the fulfilment of all the conditions precedent of the SPA.

This announcement is dated 20 December 2019.






Announcement Info

Company Name AL-`AQAR HEALTHCARE REIT
Stock Name ALAQAR
Date Announced 20 Dec 2019
Category General Announcement for PLC
Reference Number GA1-19122019-00065