Corporate digest

Healthway Medical

HEALTHWAY Medical Corporation Limited has signed a master lease agreement with Alkas Realty, a wholly owned subsidiary of OUE Limited, for two units at OUE Downtown for 36 months. This includes a rent-free period of four months between Aug 1, 2017 to Nov 30, 2017. The agreement constitutes an interested party transaction as Lippo is deemed to hold an indirect 40.82 per cent stake in Healthway Medical.

Separately, HMI said that it has appointed Chong Ton Nen, who is also known as Peter Chong, as a new independent non-executive director. Mr Chong was nominated by HMI's substantial shareholder Maju Medik (Malaysia) Sdn Bhd.