The EdgeDaily: MAIN board-listed KPJ Healthcare Bhd has proposed to dispose of selected hospitals within the KPJ group for an aggregate value of approximately RM300mil in relation to the proposed establishment and listing of a real estate investment trust (REIT).
According to the company statement, the proposal would enable KPJ to unlock the value of its properties and raise funds for other investments as well as to reduce its borrowings and gearing. With the reduction in borrowings, KPJ would be able to reduce its interest cost.
KPJ Healthcare has appointed AmMerchant Bank Bhd, a member of AmInvestment Group Bhd, as the advisor for the proposal.
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