International Healthway Corp secures $73.3m loan for project in KL

Catalist-listed International Healthway Corporation (IHC) said on Monday that it secured a financing facility of RM190 million (S$73.3 million) with Public Bank Berhad.

The facility, a mix of term and bridging loans, will fund IHC's 33-storey mix-use development in Kuala Lumpur that includes specialist medical suites, retail space and service residences.

Piling works are expected to commence from as early as April this year, and the project is to be ready in 2016.

Dr Jong Hee Sen, executive chairman and group president of IHC, said: "We expect strong demand for the (project's) amenities and services from high-income domestic customers, patients as well as premium medical travellers."

IHC shares closed flat at 33 cents.

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