KPJ Healthcare - Further Freeing Up Its Balance Sheet

KPJ announced that its subsidiaries, PT KPJ Medica, a 75%-owned subsidiary of KPJ,Pusat Pakar Kluang Utama SB. (PPKUSB) and Bandar Baru Klang Specialist Hospital SB(both wholly-owned) are proposing to dispose of their entire interest in 3 properties to Al-`Aqar REIT for a total consideration of RM138.8m which will be satisfied via RM83.3m incash and RM55.5m through the issuance of 56.6m new units in Al-‘Aqar REIT at an issueprice of RM0.98 per unit. The proposal is expected to be fully completed by 2HFY11