Brief: Healthway Medical Corporation Limited updates on proposed issuance of notes
16/01/2017 23:14
Jan 17 (Reuters) - Healthway Medical Corporation Limited
HEMC.SI
* On 16 January 2017 entered into a subscription agreement
with GW Active Limited
* Co to issue S$10 million in convertible notes and S$60
million in non-convertible notes
* Net proceeds to be raised by company is approximately
S$68.3 million
* Intends to utilise approximately 20% of net proceeds to
repay existing bank borrowings
Source text for Eikon: ID:nSNZ7HGz0c
Further company coverage: HEMC.SI
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