PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 157 34. SIGNIFICANT EVENT DURING THE FINANCIAL YEAR On 16 October 2017, FHL had completed the listing of and quotation for 504,000,000 ordinary shares of HKD0.10 each on the GEM of the Stock Exchange of Hong Kong Limited. 35. SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD (i) Jiangsu Provincial Construction (M) Sdn. Bhd. (“JPC”), Mingfa Group (Global) Investments Holdings Limited (“Mingfa”), Premier JPC Sdn. Bhd. (“PJPC”) and the Company have, on 4 January 2018, entered into a collaboration agreement (“CA”) to formalise their commitments and to regulate their rights and obligations as shareholders of PJPC and in respect of the management of PJPC. (ii) On 20 January 2018, PRG Healthcare Sdn. Bhd. (formerly known as PRG Ventures Sdn. Bhd.), a wholly-owned subsidiary of the Company, entered into a conditional shares sale agreement for the proposed acquisition of the entire equity interest in Roopi Medical Centre Sdn. Bhd. from Dato’ Dr. Shanti @ M.S. Roopi and Charanjeet Singh Dhillon for an indicative cash consideration of RM7,297,000. On the same day, PRG Asset Sdn. Bhd., a wholly-owned subsidiary of the Company, entered into two (2) conditional sale and purchase agreements for the proposed acquisition of two (2) properties from Linecom Corporation Sdn. Bhd. for a total cash consideration of RM11,000,000. N O T E S T O T H E F I N A N C I A L S T A T E M E N T S 3 1 D E C E M B E R 2 0 1 7 ( C O N T ’ D )