KPJ To Acquire Stake In Crossborder Hall, Crossborder Aim

KPJ To Acquire Stake In Crossborder Hall, Crossborder Aim

KUALA LUMPUR, March 31 (Bernama) — KPJ Healthcare Bhd has proposed to acquire the entire stake of Crossborder Hall (M) Sdn Bhd and Crossborder Aim (M) Sdn Bhd for RM4.718 million.

KPJ said the acquisition was entered through its wholly-owned subsidiary, Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB) and AmanahRaya Trustees Bhd, the trustee for Al-‘Aqar Healthcare REIT.

Crossborder Hall and Crossborder Aim are the wholly-owned subsidiaries of Al-‘Aqar, said KPJ in a filing to Bursa Malaysia Tuesday.

“The proposed acquisition is part of KPJ’s plan to rationalise and streamline its operations in Indonesia for the purpose of, among others, to improve operational efficiency and flexibility,” it added.

KPJ said the acquisition would be funded by internally generated funds.

— BERNAMA