BURSA ANNOUNCEMENTS


 

Date : 30 July 2003

ARTICLE ENTITLED: "KPJ records 40pc increase in patients"

KPJ HEALTHCARE BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDCY-030729-36965
SubjectARTICLE ENTITLED: "KPJ records 40pc increase in patients"

Contents :

In relation to the query from the KLSE on the above and specifically to the following sentence of the article in the New Straits Times, Business Times section, page B2, on Tuesday, 29 July 2003, which is reproduced below:

    "The group’s turnover is expected to increase 10 per cent this year to about RM500 million....."
KPJ wishes to clarify that the above was in reference to page 77 of the KPJ prospectus dated 27 June 2003 in relation to the non-renounceable restricted issue of up to 9,600,000 new ordinary shares of RM1.00 each in KPJ to selected medical specialists of the KPJ Group ("Prospectus"). The forecast has been reviewed by the Reporting Accountants, Messrs. PriceWaterhouseCoopers, vide their Letter on the Consolidated Profit Forecast and Assumptions dated 20 June 2003 which was prepared for inclusion in the Prospectus.

The forecast was prepared based on the Directors’ assessment of the present economic and operating conditions, and a number of best estimate assumptions regarding future events and action which, at the date the forecast was approved, the Directors expect to take place.

Query Letter Contents :

We refer to the above news article appearing in the New Straits Times, Business
Times section, page B2, on Tuesday, 29 July 2003, a copy of which is enclosed
for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
" 'The group's turnover is expected to increase 10 per cent this year to about
RM500 million,' Muhammad Ali said ... "
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentence or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same, including the relevant bases and assumptions in
arriving at the above forecast. In this respect, you are also required to
confirm whether the accounting bases, calculations and assumptions have been
reviewed by the external auditors.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.

Yours faithfully


LISA LAM
Senior Manager
Listing Operations
LL/WSW/CY
c.c. Securities Commission (via fax)



Announcement Info

Company NameKPJ HEALTHCARE BERHAD  
Stock Name KPJ    
Date Announced30 Jul 2003  
CategoryGeneral Announcement
Reference NoJC-030730-58361

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