SINGAPORE (Nov 23): OUE Lippo Healthcare, formerly known as International Healthway Corporation (IHC), has been ordered to pay RMB6 million (S$1.2 million) plus interest for a claim brought against one of its downstream subsidiaries, Wuxi New District Phoenix Hospital.

The claimant, David Lin, alleges that he had previously granted Wuxi Hospital a loan in 2012 through the Bank of Nanjing, Shanghai Branch, and that an outstanding sum of RMB6 million has yet to be repayed.

A ruling in favour of Lin was subsequently passed by the Intermediate People’s Court of Wuxi City, Jiangsu Province... (Click here to read the full story.)