Corporate Digest

International Healthway Corp

INTERNATIONAL Healthway Corporation (IHC) on Friday unveiled a proposed acquisition of all the shares of Healthway Medical Corporation through a scheme of arrangement. IHC will acquire the shares of Healthway at S$0.10 apiece. It will pay for this by allotting and issuing new IHC shares at S$0.45 apiece on a ratio of one consideration share for 4.5 Healthway shares. When the scheme becomes effective, Healthway will become a wholly owned subsidiary of IHC, and Healthway shareholders will become shareholders of IHC. Healthway will then be delisted from Catalist.

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