8-K - Medies (0001918694) (Filer)

Wed, Aug 14, 7:00 PM (153 days ago)

On August 12, 2024, Leong Weng Fong acquired a controlling equity stake in MEDIES by purchasing 4,300,000 shares of common stock, enabling him to control the board and key company decisions. Concurrently, Kenneth Tindall resigned from all executive roles, including CEO and CFO, while Simon Kidd stepped down as Executive Vice Chairman. Tindall's resignation was not due to any disagreements with the company. Following these changes, Leong was appointed as the new CEO, CFO, Director, and Secretary. Leong brings substantial experience in finance, having held analyst positions at Merrill Lynch and Barclays Capital, alongside entrepreneurial ventures and real estate development, particularly in Macau. This leadership transition may significantly impact MEDIES' strategic direction and potentially influence its financial position and stock value as it aligns with Leong's expertise in finance and real estate.