Nephrocare Subsidiary Acquires PHP 30M Dialysis Assets

Nephrocare Health Services Limited

Asset Transfer Agreement for Acquisition of Dialysis Center Assets

Main Body

The purpose of the agreement is the acquisition of identified assets relating to a dialysis center located at Duyan-Duyan, Project 3, Quezon City, Philippines. The total consideration for the transaction is PHP 30,000,000 (Thirty Million Pesos only), subject to the terms and conditions set out in the ATA.

The Purchaser is an overseas step-down wholly owned subsidiary of the Company. The Seller, Inocentes Dialysis Clinic, is not related to the promoter/promoter group/group companies. The transaction does not fall within related party transactions and is done at arm's length. There are no special rights such as right to appoint directors, first right to share subscription, or right to restrict any change in capital structure as per the agreements.