Ipmuda gets shareholders’ nod for corporate exercises, cash dividend

TheStar Fri, Nov 12, 2021 02:05pm - 2 years View Original


KUALA LUMPUR: Ipmuda Bhd has received its shareholders' approval for all the five proposed corporate exercises including a special cash dividend of 30 sen and acquisition of the 100% equity in Ultimate Forte Sdn Bhd.

It said in a statement on Friday Ultimate Forte owns and operates Ohana Specialist Hospital, a 30-bedded private hospital specialising in paediatrics and obstetrics & gynaecology in Seri Rampai, Kuala Lumpur.

The five proposed corporate exercises tabled and approved at the virtual EGM:

1. Proposed disposal by Rosel-BLG Sdn Bhd, a subsidiary of Better Living Grand Sdn Bhd which is a unit of Ipmuda, of a piece of leasehold property to Pixel Valley Sdn Bhd -- a unit of Kerjaya Prospek Property Berhad -- for RM82mi. This will be satisfied by RM80mil cash and RM2mil in kind by way of properties;

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