February 10, 2017 / 9:52 AM / 6 months ago

BRIEF-Oxley Holdings to grant loan facility to International Healthway

Feb 10 (Reuters) - Oxley Holdings Ltd :

* 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 Source text for Eikon: Further company coverage:

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