KUALA LUMPUR: KPJ Healthcare Bhd has not received any proposals on privatisation to date following several media reports on the potential privatisation exercise planned by Johor Corp (JCorp) and US private equity TPG Capital.
In a filing to Bursa Malaysia yesterday, KJP Healthcare said it will make the necessary announcement as required by the main market listing requirements if and when such a proposal is received.
JCorp and TPG Capital were reportedly to have in talks with banks to finance the potential deal which will delist and take KPJ group private, via a special-purpose vehicle that would make an offer for KPJ shares at RM1.20 to RM1.25 per share.
JCorp, which is controlled by the Johor state government, owns about 46 per cent stake in KPJ Healthcare, followed by the Employees Provident Fund at 13 per cent and Kumpulan Wang Persaraan (Diperbadankan) with a 5.4 per cent stake.
KPJ Healthcare opened at RM1.16, three sen lower than yesterday's closing at RM1.19.