From recent announcements, we have a clear picture of shareholdings:
Group A (Asian investors)
1.Yernon Khoo Tiam Hock 9.00 M/s = $1.86M Paid
2. Newton Deve 24.00M/s = $5.04M
3. Edwin Sugiarto 9.00M/s = $1.86M
4. Tan Boon Kiat 22.00M/s = $4.84M
5. Goh Hin Calm 13.00M/s = $2.86M
Group A total 77.00M/s = $16.46M (40.38%)
Group B (IMO - GJ related ??)
6. C Suissie 8.66M/s
7. Legend 37.48M/s
8. Notes [email protected] 36.36M/s
Group B total 82.50M/s (34.81%)
Group C (minority) 52.64M/s (24.81%)
Total Issue 212.14M/s 100.00%
In conclusion, Group A investors now dominate the future up and down of MED. They paid $16.46 M to control MED which now worth market cap approx $42M( 212.14M x 0.20 ).
This Asian investors most likely have connection to Innopac, the bidder. If they have faith in INN, they can buy INN shares directly. They now buy MED, awaiting for a scrip to scrip offer makes no ground.
GJ recommended MED shareholders to accept the offer, has his personal reason.
We as small shareholder, IMO should say "NO" to the bidder.
I guess, a new ball game will start from here.
Add to My Watchlist
What is My Watchlist?