KPJ Dispose Aussie Land For RM19.9 Million As Part Of Transformation Plan

KPJ Healthcare Berhad through its subsidiary Jeta is proposing to dispose 2 parcels of vacant freehold development land in Bethania Queensland Australia for appriximately AUD6.5 million or RM19.9 million.

The proposed disposal involves the sale of the said lands by Jeta to JLand Australia, with a combined area of 10.9361 hectares. The said lands are also known as 76-84 and 86-96 Albert Street, Bethania Queensland.

The Selling Price was agreed upon between the parties on a “willing buyer-willing seller” basis. Jeta commissioned an independent professional valuation on the said Lands, which were valued at AUD 6,500,000.

The proposed disposal is to enable the group to dispose of its non-core assets as part of the implementation of its transformation plan and cost optimisation.

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