Brief: International Healthway clarifies article relating to appointment of receivers by Westpac and NAB

OUE Healthcare

15/09/2016 21:51

Sept 15 (Reuters) - International Healthway Corporation Ltd  INTE.SI : 
 * International healthway corp- announcement refers to article in Straits Times 
   on 10 September titled "receivers take control of IHC's Australia properties 
 * Clarify on appointment of receivers by Westpac and NAB over co's 3 Australian 
   properties 
 * Appointment of receivers by Australian banks due to disputed appointment of 
   receivers by funds related to crest capital Asia 
 * Due to uncertainties created by crest receivers, compliance with various loan 
   arrangements to westpac and nab were disrupted 
 * Australian receivers intend to proceed with the proposed sales of the 
   properties to realise their full potential values" 
 * Group's businesses in various countries in which it operates in, continues 
   undisrupted 
 
* Source text (http://bit.ly/2crZ5ZH) 
* ((Further company coverage:  INTE.SI )) 
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