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KUALA LUMPUR (June 13): KPJ Healthcare Bhd’s 60.56%-owned subsidiary Perdana Specialist Hospital Sdn Bhd (PSHSB) is purchasing an office building in Kota Bharu, Kelantan for RM6.8 million.
In a filing with Bursa Malaysia, KPJ said PSHSB, which operates the KPJ Perdana Specialist Hospital, is buying the 938-sq metre office premises, located adjacent to the hospital, from KTC Convention and Apartment Sdn Bhd.
“PSHSB commissioned an independent professional valuation on the said premises in February 2016 when it was valued at RM6.75 million. The purchase price represents a premium of RM50,000 or approximately 0.7% above the market value of the said premises,” KPJ said.
The group said the acquisition will be funded through a combination of bank borrowing and internally-generated funds.
The acquisition, KPJ said, is to enable PSHSB to expand and complement the business operations of KPJ Perdana Specialist Hospital.
KPJ’s share price settled 0.7% lower at RM4.17 today, valuing the group at RM4.38 billion. — theedgemarkets.com
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