Healthway shareholders should study outlined scenarios

Singapore

SHAREHOLDERS of Healthway Medical Corporation (HMC) heading to its extraordinary general meeting (EGM) on Friday to vote on two major resolutions should acquaint themselves with the various outcome scenarios painted by the company.

The first resolution is on the proposed issuance of S$60 million in convertible notes to Gateway by HMC.

This is the second tranche of a total of S$70 million notes issuance. S$10 million of convertible notes has been issued to Gateway, who then sold them off to third parties, which in turn have converted them into shares.

The seco…