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BRIEF-Healthway Medical Corp says it received a non-binding draft indicative term sheet from Lippo China Resources
March 20, 2017 / 12:59 PM / 8 months ago

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

March 20 (Reuters) - Healthway Medical Corp Ltd-

* 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: Further company coverage: (Reporting by Ambar Warrick)

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