Corporate digest
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International Healthway Corp
INTERNATIONAL Healthway Corp (IHC) said a sale and purchase agreement to sell two of its office properties in Melbourne to a third-party buyer has been terminated at the request of the buyer. The group has decided that it will retain these properties to start a private Reit with a larger portfolio of assets. On Wednesday, IHC also requested
a trading suspension on its shares to allow it time to revise the terms and conditions of the implementation agreement that spells out how its proposed scheme of arrangement should be executed. Under the scheme announced in June, IHC will buy all the shares of Healthway Medical Corporation at S$0.10 apiece via the issuance of new IHC shares at S$0.45 apiece.
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