KUALA LUMPUR: TDM Bhd‘s unit, Kumpulan Medic Iman Sdn Bhd (KMI) has entered right into a heads of settlement with Mutiara Premier Sdn Bhd (MPSB) to construct and lease a specialist hospital constructing in Kota Bharu, Kelantan.
Underneath the proposed challenge, MPSB will assemble a specialist hospital constructing which is ready to accommodate 94 beds of single rooms with a minimal of 300 parking bays for Part 1 of the proposed challenge.
“Upon completion of the development of the specialist hospital constructing, MPSB shall lease the specialist hospital constructing to KMI,” the oil palm and healthcare group mentioned in a Bursa submitting.
“At a later stage and topic to viability, MPSB and KMI shall focus on a possible
growth of the specialist hospital constructing for added 100 beds and 300 parking bays (Part 2 challenge) and the requirement for Part 2 proposed challenge shall be mutually agreed by the events,” it added.
MPSB shall fund the event of the proposed challenge which is indicative to be at a gross improvement prices of RM129.36mil for Part 1 improvement solely.
The development is predicted to be accomplished inside 30 months from the date on which the final of the situation precedent is fulfilled.