Medi Lifestyle Limited: Major Shareholder Lingholm Holdings to Completely Exit via Large Share Sale

Key Highlights

• Lingholm Holdings Pte. Ltd., the controlling shareholder of Medi Lifestyle Limited, will divest its entire stake in the company.
• Sale of 94,769,564 shares to Mr. Chua Yi Hang announced earlier, with further sale of 142,000,000 shares to eight private investors.
• Aggregate of 236,769,564 shares sold, representing over 62% of the company’s issued share capital (based on 378,102,012 shares).
• Total consideration for the further sale (142,000,000 shares) is S\$568,000, implying a per-share price of approximately S\$0.004 per share.
• Upon completion, Lingholm Holdings will no longer hold any shares in Medi Lifestyle Limited.
• Both the earlier and further share sales are still pending completion as of the announcement date.

Details and Analysis

Medi Lifestyle Limited released a significant notification announcing further developments regarding the major divestment by its controlling shareholder, Lingholm Holdings Pte. Ltd. The company reported that Lingholm Holdings has entered into eight separate conditional sale and purchase agreements on 20 and 21 March 2026 with eight private investors for the sale of an aggregate 142,000,000 ordinary shares. This follows an earlier transaction involving the sale of 94,769,564 shares to Mr. Chua Yi Hang.

Collectively, these transactions represent the sale of approximately 62.6% of Medi Lifestyle’s entire issued share capital. Based on 378,102,012 issued shares (excluding treasury shares), the 142,000,000 shares sold to the new group of investors account for approximately 37.56% of the company, while the initial 94,769,564 shares constitute around 25%. These sizeable transactions mean the entire controlling stake of Lingholm Holdings will be fully divested upon completion.

The consideration for the aggregate 142,000,000 shares is S\$568,000, translating to a per-share value of about S\$0.004. This price may be of particular interest to investors, as it could act as a reference for the current value that incoming investors are willing to pay for substantial blocks of shares. The sale price could thus potentially influence the company’s share price in the near term.

Completion Status: As of the date of the announcement, both the share sale to Mr. Chua Yi Hang and the further sales to the eight private investors are still pending completion. The company has indicated it will provide further updates as material developments occur.

Potential Share Price Impact: The complete exit of the controlling shareholder, combined with the entry of multiple new private investors, represents a material change in the company’s ownership structure. Such a significant shift could lead to changes in strategic direction, governance, or corporate actions, raising both uncertainty and opportunity for current and prospective shareholders. The low per-share sale price may also result in increased volatility in trading as the market digests these developments.

Cautionary Note for Shareholders

The company has expressly advised shareholders to exercise caution when dealing in its shares, and to consult with their financial, tax, or professional advisers if in doubt. Given the substantial change in ownership and the outstanding completion of these transactions, investors should monitor further announcements from the company closely.

Contact Information

For media queries, contact:
Jeysie Wong (Medi Lifestyle Limited, Corporate Communications Department)
Mobile: +60 12 708 6005
Email: [email protected]

This announcement has been reviewed by the company’s sponsor, SAC Capital Private Limited, but not by the Singapore Exchange Securities Trading Limited (SGX-ST).

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors are urged to conduct their own research and consult professional advisers before making any investment decisions. The situation described is subject to further updates and completion of the announced transactions.

View MediLifestyle Historical chart here