Al-`Aqar Healthcare REIT Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 27. Significant events (cont’d) (ii) Acquisition of a building forming part of KPJ Seremban Specialist Hospital On 2 September 2022, the Fund as represented by the Trustee, entered into a conditional sales and purchase agreement with Maharani Specialist Hospital Sdn Bhd, a wholly-owned subsidiary of KPJ Healthcare Berhad to acquire a building forming part of KPJ Seremban Specialist Hospital, for a total consideration of RM84,700,000. The acquisition was completed on 23 December 2022. (iii) Acquisition of KPJ Pasir Gudang Specialist Hospital On 2 September 2022, the Fund as represented by the Trustee, entered into a conditional sales and purchase agreement with Pasir Gudang Specialist Hospital Sdn Bhd, a wholly-owned subsidiary of KPJ Healthcare Berhad to acquire KPJ Pasir Gudang Specialist Hospital, for a cash consideration of RM67,989,184 and issuance of 20,500,669 units of unitholders’ capital at an issue price of RM1.22 per unit. The acquisition was completed on 27 December 2022. AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2022 192

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