TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS IHH HEALTHCARE BERHAD ("IHH" OR "COMPANY") PROPOSED DISPOSAL OF THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF IMU HEALTH SDN. BHD. ("IMUH") BY IHH TO INBOUND EDUCATION HOLDINGS SDN. BHD. AND PROPOSED DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF IMU OMEGA SDN. BHD. BY IMUH TO COLUMBIA ASIA SDN. BHD. FOR A CASH CONSIDERATION TO BE DETERMINED BASED ON A TOTAL ENTERPRISE VALUE OF RM1,345 MILLION
| IHH HEALTHCARE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | IHH HEALTHCARE BERHAD ("IHH" OR "COMPANY")
PROPOSED DISPOSAL OF THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF IMU HEALTH SDN. BHD. ("IMUH") BY IHH TO INBOUND EDUCATION HOLDINGS SDN. BHD. AND PROPOSED DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF IMU OMEGA SDN. BHD. BY IMUH TO COLUMBIA ASIA SDN. BHD. FOR A CASH CONSIDERATION TO BE DETERMINED BASED ON A TOTAL ENTERPRISE VALUE OF RM1,345 MILLION |
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We refer to the announcements dated 7 June 2022, 27 June 2022, 21 July 2022, 27 July 2022 and 5 August 2022 in respect of the Proposed Transactions ("Announcements"). Unless otherwise defined, abbreviations used throughout this announcement are the same as those previously defined in the Announcements.
In connection with the Proposed Facility Disposal, IHH wishes to announce that IMU Education has on 10 November 2022 received the Hospital Establishment Approval and the approval to transfer the Hospital Establishment Approval from IMU Education to Hospital HoldCo from the MOH ("MOH Approval"), the letter of which is dated 9 November 2022.
As highlighted in Appendix II of the announcement dated 7 June 2022, the completion of the Facility APA is conditional upon receipt of the MOH Approval and FTLWC Approval ("Facility APA Conditions Precedent"). Given that the Facility APA Conditions Precedent have been fulfilled, the Facility APA is now unconditional.
This announcement is dated 11 November 2022. |
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Announcement Info
| Company Name | IHH HEALTHCARE BERHAD |
| Stock Name | IHH |
| Date Announced | 11 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11112022-00039 |