Brief: Healthway Medical Corp says it received a non-binding draft indicative term sheet from Lippo China Resources

Healthway Medical

20/03/2017 10:15

March 20 (Reuters) - Healthway Medical Corp Ltd  HEMC.SI - 
    * On 17 March 2017, received a non-binding draft indicative 
term sheet from lippo china resources limited 
    * Refers to straits times article dated 19 march 2017 titled 
"Healthway: a tale of how risky loans made a firm sick" 
    * Term sheet for principal amount of s$10 million for a 
tenure of 12 months. 
    * Term sheet in relation to a proposed interim financing 
plan to address company's current payroll requirements 
 
Source text for Eikon:  ID:nSNZb74V4Z  
Further company coverage:  HEMC.SI  
 
 (Reporting by Ambar Warrick) 
 ((Bangalore.newsroom@thomsonreuters.com;))