TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS AL-AQAR HEALTHCARE REIT ("AL-`AQAR") (I) PROPOSED ACQUISITIONS AND LEASES; AND (II) PROPOSED LEASE RENEWAL (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

AL-'AQAR HEALTHCARE REIT

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AL-AQAR HEALTHCARE REIT ("AL-`AQAR")

(I)	PROPOSED ACQUISITIONS AND LEASES; AND
(II)	PROPOSED LEASE RENEWAL

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of JLG REIT Managers Sdn Bhd (formerly known as Damansara REIT Managers Sdn Berhad) (“JRMSB”), 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) (“Trustee”), had on 27 March 2025 entered into the following agreements:

  1. Conditional sale and purchase agreement with Ampang Puteri Specialist Hospital Sdn Bhd, a wholly-owned subsidiary of KPJ Healthcare Berhad (“KPJ”) (“APSH”), in relation to a proposed acquisition of a new building forming part of KPJ Ampang Puteri Specialist Hospital (“KPJ Ampang Puteri New Building”) for a total cash consideration of RM131,000,000 (“Proposed Acquisition of KPJ Ampang Puteri New Building”) and a conditional lease agreement with APSH and JRMSB in relation to the proposed lease of the KPJ Ampang Puteri New Building; and
  2. Conditional sale and purchase agreement with Penang Specialist Hospital Sdn Bhd, a wholly-owned subsidiary of KPJ (“PNG”), in relation to a proposed acquisition of a new building forming part of KPJ Penang Specialist Hospital (“KPJ Penang New Building”) for a total cash consideration of RM110,000,000 (“Proposed Acquisition of KPJ Penang New Building”) and a conditional lease agreement with PNG and JRMSB in relation to the proposed lease of the KPJ Penang New Building.

The Trustee and JRMSB propose to enter into four (4) separate lease agreements with the companies of KPJ to renew the lease of the Lease Properties.

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

This announcement is dated 27 March 2025.






Announcement Info

Company Name AL-'AQAR HEALTHCARE REIT
Stock Name ALAQAR
Date Announced 27 Mar 2025
Category General Announcement for PLC
Reference Number GA1-27032025-00054


Please refer attachment below.

  1. Al-Aqar-Proposals-Announcement-270325.pdf