SUBSCRIBERS
Healthway Medical receives S$8.6m from Gateway
296m shares issued to Gateway at S$0.03384 each, Gateway-nominated Anand Kumar joins Healthway board
Add BT as a preferred sourcePublished Mon, Mar 27, 2017 · 09:50 PM
Singapore
HEALTHWAY Medical Corporation (HMC) has finally received the net proceeds of the first tranche of a S$70 million convertible notes deal with Gateway Partners to solve its immediate cash needs, such as paying doctors' and nurses' salaries.
The private clinic operator said it has received S$8.6 million after deducting an upfront fee of S$1.4 million, following receipt of listing and quotation notice from Singapore Exchange (SGX) on Friday, based on filings on the exchange.
Copyright SPH Media. All rights reserved.
