SINGAPORE (Feb 10): Property developer Oxley Holdings, together with CEO Ching Chiat Kwong and deputy CEO Low Chee Sing, have entered into an agreement to grant a convertible loan facility to medical group International Healthway Corporation (IHC) for the aggregate amount of up to $50 million.

The latest agreement follows a January extraordinary general meeting (EGM) requisitioned by shareholders of IHC, where a major stake in the company changed hands and four sitting directors were ousted.

(See also: International Healthway Corp shareholders successfully oust four directors at EGM)

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