BRIEF-Healthway Medical Corp says it received a non-binding draft indicative term sheet from Lippo China Resources | Reuters

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March 20 Healthway Medical Corp Ltd-

* On 17 March 2017, received a non-binding draft indicative
term sheet from lippo china resources limited

* Refers to straits times article dated 19 march 2017 titled
“Healthway: a tale of how risky loans made a firm sick”

* Term sheet for principal amount of s$10 million for a
tenure of 12 months.

* Term sheet in relation to a proposed interim financing
plan to address company’s current payroll requirements

Source text for Eikon:
Further company coverage:

(Reporting by Ambar Warrick)

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