Medi Lifestyle's Controlling Shareholder Disposes of Further Stake; Shares Zoom 160%

MT Newswires

03/23

Medi Lifestyle's (SGX:Z4D) controlling shareholder, Lingholm Holdings, agreed to dispose of 142 million shares in the company for SG$568,000, according to a Friday filing with the Singapore Exchange.

Shares of the healthcare company surged over 160% in Monday trading.

The shares represent around 37.56% of the company's issued share capital.

Following the transaction, Lingholm will no longer be the company's shareholder.

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