PETALING JAYA: With KPJ Healthcare Bhd expected to continue adopting an asset light model by injecting its hospital assets into Aqar Reit, a potential special cash dividend may be in the offing, said JP Morgan in a note.
“Based on recent asset injection into Aqar Reit, we believe there is scope for special cash dividend given its management’s intention to maintain a below-50% stake in the Reit (from current 53%) to avoid the consolidation of debt,” the research house stated.
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