Tuesday July 10, 2012
KPJ unit in Indonesian deal
PETALING JAYA: KPJ Healthcare Bhd said its wholly-owned subsidiary, Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB), has entered into a related party transaction to acquire up to 80% equity interest in PT Khidmat Perawatan Jasa Medika (PT KPJ Medika) in Indonesia for a total cash consideration of RM15.84mil.
KPJ said in a statement to Bursa Malaysia that KPJSB had already signed a conditional sale of shares agreement with Johor Corp, a major shareholder of KPJ, yesterday in relation to the proposed acquisition, which was expected to be completed by the fourth quarter of 2012.
“The proposed acquisition is not expected to have any material impact on KPJ group’s earnings for the financial year ending Dec 31, 2012,” the company said.
But upon completion of the proposed acquisition, the potential profit contribution from PT KPJ Medika was expected to enhance the earnings of the KPJ group.