Healthway Medical reviews Lippo's loan, Gateway's proposal

Singapore

HEALTHWAY Medical Corp (HMC) is reviewing the brief non-binding terms of a S$10 million loan by Lippo China Resources (LCR) to pay doctors and nurses, as well as an alternate proposal by Gateway Partners.

The private clinic operator said in a Singapore Exchange filing after the market closed on Monday that it has received non-binding terms for the proposed interim financing from LCR.