On behalf of the Board of Directors of Damansara REIT Managers Sdn Berhad (“DRMSB”), the manager of Al-‘Aqar, KAF Investment Bank Berhad wishes to announce that Amanahraya Trustees Berhad (acting solely in its capacity as trustee for and behalf of Al-'Aqar), had on 2 September 2022 entered into the following agreements:
 

1. Conditional sale and purchase agreement (“SPA”) with Penang Specialist Hospital Sdn Bhd (“PNG”), a subsidiary of KPJ Healthcare Bhd (“KPJ”), in relation to the proposed acquisition of a building known as TMC Health Centre (“TMC New Building”) for a total cash consideration of RM14,300,000 (“Proposed Acquisition of TMC New Building”) and a conditional lease agreement with PNG in relation to the proposed lease of TMC New Building;
    
2. Conditional SPA with Maharani Specialist Hospital Sdn Bhd (“MSH”), a subsidiary of KPJ, in relation to the proposed acquisition of a building forming part of Seremban Specialist Hospital (“Seremban New Building”) for a total cash consideration of RM84,700,000 (“Proposed Acquisition of Seremban New Building”) and a conditional lease agreement with MSH in relation to the proposed lease of the Seremban New Building; and
    
3. Conditional SPA with Pasir Gudang Specialist Hospital Sdn Bhd (“PGSH”), a subsidiary of KPJ, in relation to the proposed acquisition of KPJ Pasir Gudang Specialist Hospital (“Pasir Gudang Property”) for a total consideration of RM93,000,000 (“Proposed Acquisition of Pasir Gudang Property”) and a conditional lease agreement with PGSH in relation to the proposed lease of the Pasir Gudang Property.
    

DRMSB also proposes to undertake the proposed private placement, which involves the issuance of up to 118,965,517 new units, representing up to 16.16% of the total issued units of Al-‘Aqar (“Proposed Private Placement”).
 

Further details of the Proposals are set out in the attachment enclosed.

 

This announcement is dated 2 September 2022.