KPJ Healthcare unit agrees to hospital renovation works for RM18.3mil

KUALA LUMPUR: KPJ Healthcare Bhd's indirect wholly-owned subsidiary Bandar Dato Onn Specialist Hospital Sdn Bhd will undertake renovation works on two floors of the KPJ Bandar Dato Onn Specialist Hospital for RM18.3mil.

In a filing with Bursa Malaysia, the hospital operator said it had issued a letter of acceptance to Tg Langsat Development Sdn Bhd, a wholly-owned subsidiary of TPM Technopark Sdn Bhd, which is in turn an indirect subsidiary of Johor Corp, for the renovation works of floors 8 and 9 of the hospital.

The proposed renovation is deemed a related party transaction owing to the interests of certain KPJ directors in Johor Corp. It is expected to be completed by Nov 10, 2024.