International Healthway co-founders 'conspired' to injure company: High Court

Singapore

TWO co-founders and shareholders of Catalist-listed International Healthway Corp (IHC), now known as OUE Lippo Healthcare, had engaged in conspiracy by unlawful means to cause the company injury, a Singapore High Court found on Thursday.

Fan Kow Hin, who was IHC's chief executive from May 2015 to January 2016, together with co-founder Andrew Aathar, had in 2015 negotiated a S$20 million standby credit facility from funds owned by Crest Capital Asia.