Broadway

Broadway: To offer a US$1m convertible loan to a U.S. medical technology company, Insituvue at an annual rate of 5.0%. The loan will be disbursed in three tranches over a period of 12 mths. Insituvue was set up in Feb 2010 to commercialize a new medical device, trademarked as the "Sonic Flashlight", to give medical professionals a better view during interventional procedures, such as inserting catheters and intravenous drips. This is one of co’s first foray into the medical mkt. Broadway trades at 5.3x fwd P/E with hist avg at 4.5x