Saturday, December 10, 2005

KPJ To Acquire One More Healthcare Centre

PUTRAJAYA, Dec 9 (Bernama) -- KPJ Healthcare Bhd, the private healthcare group in Malaysia is finalising the acquisition of another healthcare centre in the country, its chairman, Tan Sri Muhammad Ali Hashim said.
He said KPJ aimed to complete the acquisition by early next year.
"The healthcare centre, which is currently operating in a profitable position will be the 15th hospital for KPJ network of hospitals in the country," he told a media briefing Friday.
KPJ already has in operation 14 hospitals in Malaysia, two in Indonesia, as well as one hospital in construction in Bangladesh and another hospital also under construction in Indonesia.
Muhammad said KPJ was also planning to list KPJ Healthcare real estate investment trusts (REITs) by early next year.
"The KPJ Healthcare REITs, which are Islamic REITs will enable us to raise RM340 million by unlocking the value of our assets," he said.
"We intend to maintain 40 percent of the shareholding of REITs.
"We may consider diluting our shareholding at a later data," he added.

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