By Sharen Kaur
Published in NST on May 9 2011
CHASE Perdana Sdn Bhd expects to raise RM1.5 billion through a bond sale by as early as next month to part finance the development of its RM2.3 billion campus and hospital project in Serdang, Selangor.
Academic Medical Centre Sdn Bhd (AMC) is the project developer, which in turn is 80 per cent controlled by Chase Perdana.
The remaining share is held by Turiya Sdn Bhd, controlled by Chase Perdana executive chairman Tan Sri Mohan Swami.
Mohan said local and foreign banks will raise the bonds for the debt portion, which amounts to 65 per cent of the project value.
"The remaining 35 per cent or about RM800 million will be financed by AMC shareholders," Mohan told Business Times on the sidelines of the 1st Asean-EU Business Summit 2011 in Jakarta .
The project comprises the development of Perdana University Graduate School of Medicine and a 600-bed hospital on 56.65 hectares.
The Johns Hopkins University, the Johns Hopkins University School of Medicine, Johns Hopkins Medicine International (JHI) and the international arm of Johns Hopkins Medicine in Baltimore, US, will assist with the development of the project.
An agreement was inked between AMC and the respective parties last November.
Under the agreement, John Hopkins will assist in every major aspect of the new medical enterprise, including medical education programmes, campus design and facilities planning, and clinical affairs.
Johns Hopkins will provide guidance on the design and the development of the hospital, known as Perdana University Hospital.
Mohan said AMC has submitted the master planning for the campus and hopes to start construction by August.
He said the campus will be ready by the end of 2013 and it hopes to have 600 students for its medical programmes.
"We are looking to have post graduate courses, allied sciences and other programmes to attract more students," he said.
Mohan said future plans will include building the Perdana University brandname, which is a homegrown brand.
"Perdana University is the first campus for the Chase Perdana Group and we are mulling branching out into Asia to build the brand," he said.
Meanwhile, AMC is in the process of buying the 56.65ha required for the project from the Federal government.
Mohan declined to reveal the amount it is paying for the land.
It is understood that AMC is expected to pay between RM80 million and RM100 million for the purchase of the land.
-ENDS-
Published in NST on May 9 2011
CHASE Perdana Sdn Bhd expects to raise RM1.5 billion through a bond sale by as early as next month to part finance the development of its RM2.3 billion campus and hospital project in Serdang, Selangor.
Academic Medical Centre Sdn Bhd (AMC) is the project developer, which in turn is 80 per cent controlled by Chase Perdana.
The remaining share is held by Turiya Sdn Bhd, controlled by Chase Perdana executive chairman Tan Sri Mohan Swami.
Mohan said local and foreign banks will raise the bonds for the debt portion, which amounts to 65 per cent of the project value.
"The remaining 35 per cent or about RM800 million will be financed by AMC shareholders," Mohan told Business Times on the sidelines of the 1st Asean-EU Business Summit 2011 in Jakarta .
The project comprises the development of Perdana University Graduate School of Medicine and a 600-bed hospital on 56.65 hectares.
The Johns Hopkins University, the Johns Hopkins University School of Medicine, Johns Hopkins Medicine International (JHI) and the international arm of Johns Hopkins Medicine in Baltimore, US, will assist with the development of the project.
An agreement was inked between AMC and the respective parties last November.
Under the agreement, John Hopkins will assist in every major aspect of the new medical enterprise, including medical education programmes, campus design and facilities planning, and clinical affairs.
Johns Hopkins will provide guidance on the design and the development of the hospital, known as Perdana University Hospital.
Mohan said AMC has submitted the master planning for the campus and hopes to start construction by August.
He said the campus will be ready by the end of 2013 and it hopes to have 600 students for its medical programmes.
"We are looking to have post graduate courses, allied sciences and other programmes to attract more students," he said.
Mohan said future plans will include building the Perdana University brandname, which is a homegrown brand.
"Perdana University is the first campus for the Chase Perdana Group and we are mulling branching out into Asia to build the brand," he said.
Meanwhile, AMC is in the process of buying the 56.65ha required for the project from the Federal government.
Mohan declined to reveal the amount it is paying for the land.
It is understood that AMC is expected to pay between RM80 million and RM100 million for the purchase of the land.
-ENDS-
No comments:
Post a Comment