SINGAPORE (March 21): Healthway Medical Corporation (HMC) says it last Friday received a non-indicative term sheet from Hong Kong-listed Lippo China Resources (LCR), an indirect holding company of Gentle Care, in relation to a proposed interim financing plan to address its current payroll requirements.

HMC had on Feb 7 received a takeover offer from LCR at 4.2 cents per share.

(See also: Healthway Medical Corp gets 4.2 cents per share offer from Lippo-linked entity)

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