Petronas, via its wholly owned subsidiary Petronas Hartabina Sdn. Bhd. signed a Share Sale and Purchase Agreement (SPA) for the sale of Petronas\u2019 100% interest in Prince Court Medical Centre (PCMC) to Khazanah Nasional Berhad, via its wholly owned subsidiary Pulau Memutik Ventures Sdn. Bhd.<\/p>\n
\u201cPetronas is pleased to witness PCMC\u2019s recent transformation in becoming a self-sustaining and profitable organisation with strengthened financials and solid operational foundation.\u00a0<\/p>\n
\u201cPetronas believes PCMC is ready for its next phase of growth and we are confident this transaction will position PCMC to realise its aspiration of becoming the leading healthcare provider in Asia,\u201d said Tan Seri Wan Zulkiflee Wan Ariffin, Petronas\u2019 president and group chief executive officer.<\/p>\n
Under the terms of the SPA, Khazanah will acquire PCMC at an agreed price comparable to market assessment, payable upon completion of the transaction.<\/p>\n
Both parties anticipate the transaction to be completed by end of Q2 2018.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Petronas, via its wholly owned subsidiary Petronas Hartabina Sdn. Bhd. signed a Share Sale and Purchase Agreement (SPA) for the sale of Petronas\u2019 100% interest in Prince Court Medical Centre (PCMC) to Khazanah Nasional Berhad, via its wholly owned subsidiary Pulau Memutik Ventures Sdn. Bhd. \u201cPetronas is pleased to witness PCMC\u2019s recent transformation in becoming […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-1582","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1582"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1582\/revisions"}],"predecessor-version":[{"id":6104,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1582\/revisions\/6104"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}