SINGAPORE (March 27): Heathway Medical Corporation (HMC) last Friday received the initial net proceeds from the first tranche (T1 CN B) of its convertible notes issuance to Gateway Partners, the private equity firm.

This comprises a principal amount of $10 million raised from the Convertible Notes “B” issued by Healthway to Gateway, enabling the latter to fulfil its immediate liquidity needs.

In a Monday announcement, HMC says the T1 CN B conversion shares will be issued at a conversion price of 3.384 cents each.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook