KPJ to inject two hospital assets into Al-Aqar Healthcare REIT
The disposal is expected to unlock the value of the assets while allowing KPJ to retain operational control through a leaseback structure.
The disposal is expected to unlock the value of the assets while allowing KPJ to retain operational control through a leaseback structure.
With this acquisition, Metro Healthcare said it is committed to enhancing access to high-quality OB-GYN services in Malaysia, particularly in high-demand urban locations.
Industry experts from a variety of disciplines will open your eyes to building a healthy home.
Offline 16 fostered face-to-face interactions through engaging and fun activities without the use of mobile devices or screen time for 16 hours.
Offline 16 will encourage participants to spend 16 hours offline to take part in fun activities and workshops, with the ultimate goal of raising awareness of mental health.
Under the two-year MOU, Menang and Alpro will jointly develop the Alpro healthcare facility land into a health and wellness park, while Alpro will support the related healthcare facilities, including ambulatory care centre and rehabilitation facilities.
Al-`Aqar Healthcare REIT owns the lands and buildings of Jeta Gardens Aged Care facility, while KPJ owns the business and leases the property.
The divestment, it said, is driven by the shift from residential aged care to home care since 2019, which has resulted in its facility market value declining by one-third to A$27.
The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property developer said in a statement.
The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.