TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS IHH HEALTHCARE BERHAD ("IHH" OR "COMPANY") PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF PRINCE COURT MEDICAL CENTRE SDN BHD BY PANTAI HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF IHH FROM PULAU MEMUTIK VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KHAZANAH NASIONAL BERHAD FOR A CASH CONSIDERATION OF RM1,020.0 MILLION ("PROPOSED ACQUISITION")

IHH HEALTHCARE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
IHH HEALTHCARE BERHAD ("IHH" OR "COMPANY")

PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF PRINCE COURT MEDICAL CENTRE SDN BHD BY PANTAI HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF IHH FROM PULAU MEMUTIK VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KHAZANAH NASIONAL BERHAD FOR A CASH CONSIDERATION OF RM1,020.0 MILLION ("PROPOSED ACQUISITION")

(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcement dated 17 September 2019 in relation to the Proposed Acquisition)

We refer to the Company’s announcement dated 17 September 2019 in relation to the Proposed Acquisition.

On behalf of the Board, Maybank IB wishes to announce that:

(a)     the application to the MOH for approval and/or exemption in respect of the acquisition of all the Sale Shares by PHSB; and

(b)     the application to the Ministry of Economic Affairs of Malaysia (being the ministry charged with the responsibility of the EPU) for approval for the acquisition of all the Sale Shares and for any equity conditions to be waived,

have been submitted today.

 

This Announcement is dated 11 October 2019.






Announcement Info

Company Name IHH HEALTHCARE BERHAD
Stock Name IHH
Date Announced 11 Oct 2019
Category General Announcement for PLC
Reference Number GA1-11102019-00021