Brief: Oxley Holdings to grant loan facility to International Healthway

OUE Healthcare

10/02/2017 09:45

Feb 10 (Reuters) - Oxley Holdings Ltd  OXHL.SI  : 
    * Proposed grant of convertible loan facility to ihc carries 
strategic significance to Oxley 
    * Oxley to grant a convertible loan facility in aggregate 
amount of up to $$50 million to IHC 
    * Oxley will be entitled to convert loan into ordinary 
shares of ihc at $0.06102 per share 
    * Loan will be utilized by IHC primarily to fulfil its 
financial obligations and pay for operating expenses 
    * Term sheet to grant a convertible loan facility for 
aggregate amount of up to s$50 million to IHC 
    * Oxley Holdings together with Ching Chiat Kwong and Low See 
Ching entered into a non-binding term sheet with International 
Healthway Corporation 
 
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Further company coverage:  OXHL.SI  
 
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