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International Healthway Corp
PROPERTY developer OUE, which has launched a takeover bid for International Healthway Corporation (IHC), has agreed to lend the nursing home owner up to S$50 million to finance its working capital requirements.
It entered into a loan agreement with IHC on Friday, with an interest rate of 4 per cent a year. This follows OUE's "comfort letter" stating its intention to work towards stabilising IHC's business and financial position.
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