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KPJ VARIES OPTIONS FOR JETA GARDEN STAKE BUY

KPJ Healthcare Bhd’s wholly-owned unit, Kumpulan Perubatan (Johor) Sdn Bhd (KPSB), has entered into a supplementary deed to vary certain terms of the proposed equity stake buy in Jeta Gardens Waterf

07-02-2011

KPJ Healthcare Bhd’s wholly-owned unit, Kumpulan Perubatan (Johor) Sdn Bhd (KPSB), has entered into a supplementary deed to vary certain terms of the proposed equity stake buy in Jeta Gardens Waterford Trust. Under the new proposal, Jeta Gardens is prepared to issue some 275,704 shares and 2.48 million new A class convertible notes worth a total RM14.25 million (call option) to KPSB and a put option to subscribe for further issue by Jeta Garden. In a release to the exchange last Wednesday, KPJ said the proposed variation would accord KPJ Group the flexibility to increase its equity interest in Jeta Garden.



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