Cengild Medical Berhad has proposed acquisition of a stratified property with a combined strata floor area of 100,442
sq ft together with at least 182 carpark bays forming part of a purpose-built private medical centre to be erected on a parcel of leasehold land in KL.
The said property is to be purchased for cash of RM122 million which the group said will be using funds raised from its IPO.
On 29 March 2024, on behalf the company, HLIB announced further information in relation to the extension of the timeframe for the utilisation of proceeds raised from the IPO
The deal to purchase the land was struck December 2023 by its wholly-owned subsidiary with Sunny Uptown for the acquisition of the property.
The Property is part of a proposed construction of a 17-storey medical centre building to be constructed by the Vendor with a floor area(1) of 187,507 sq ft based on plot ratio. Cengild is proposing to acquire building space with a combined strata floor area(2) of 100,442 sq ft together with at least 182 car park bays located within the medical centre building.
