PROPOSED ACQUISITIONS OF FIVE (5) HOSPITAL BUILDINGS BY AMANAH RAYA BERHAD (“TRUSTEE”), (ON BEHALF OF AL-‘AQAR KPJ REIT) NAMELY PERDANA SPECIALIST HOSPITAL BUILDING, KUANTAN SPECIALIST HOSPITAL BUILDING, SENTOSA MEDICAL CENTRE BUILDING, KPJ KAJANG SPECIALIST HOSPITAL BUILDING AND KEDAH MEDICAL CENTRE BUILDING (COLLECTIVELY KNOWN AS THE “PROPERTIES”) FOR A TOTAL PURCHASE CONSIDERATION OF RM170,040,000 TO BE SATISFIED PARTLY BY CASH CONSIDERATION OF RM85,755,050 AND PARTLY BY ISSUANCE OF 88,721,000 NEW UNITS IN AL-`AQAR KPJ REIT AT AN ISSUE PRICE OF RM0.95 PER UNIT (“PROPOSED ACQUISITION”)
Al-`Aqar KPJ REIT are issued to the following vendors of the Properties (according to the proportions specified in their Sale and Purchase Agreements) :-(a) Pusat Pakar Darul Naim Sdn Bhd, the vendor of Perdana Specialist Hospital Building;(b) KSHSB, the vendor of KPJ Kajang Specialist Hospital Building; (c) SMCSB, the vendor of Sentosa Medical Centre Building; and(d) KSHSB, the vendor of Kuantan Specialist Hospital Building;
(KLSE 29-2-2008)
