Corporate digest

Healthway Medical Corp

The Lippo Group's bid to take over clinic operator Healthway Medical Corp now stands at a 47.55 per cent stake comprising shares owned and acceptances obtained. That interest comes after Lippo takeover vehicle Gentle Care bought 785,000 shares on the open market and converted S$15 million of convertible notes into 443 million new Healthway shares. Lippo's takeover bid will be unconditional if its shareholding crosses 50 per cent. The deadline for the offer has been extended to May 12, 2017, and Gentle Care has said it will not extend beyond that.

AEM Holdings