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.
MED Price at posting:
21.0¢ Sentiment: ST Buy Disclosure: Held
