2 Jul 2012 08:16
2 July 2012
MediLink-Global UK Limited
("MediLink" or the "Company")
Holding in Company
On 12 June 2012 the Board of MediLink announced that they had been notified that Asdion Digital Advance System Sdn Bhd ("ADAS"), a 90% owned subsidiary of Asdion Berhad ("Asdion"), had entered into a conditional agreement with Law Chee Kheong for the sale of 22,000,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 2.2 pence per Ordinary Share in an off-market transaction (the "Share Transaction").
The Share Transaction was conditional only on approval of shareholders of Asdion in an extraordinary general meeting of Asdion which was held at 10 a.m. Malaysian time on 18 June 2012 (the "Asdion EGM"). All resolutions were successfully passed at the Asdion EGM and the Share Transaction was completed with an effective date of 28 June 2012.
The Board of MediLink was informed by ADAS on 29 June 2012 that, following completion of the Share Transaction, ADAS no longer has a notifiable interest in the share capital of MediLink.
For further information contact:
MediLink-Global UK Limited Shia Kok Fat, Chief Executive Officer www.medilink-global.com
| Tel: + 603 2296 3028 |
Allenby Capital Limited (Nominated Adviser and Broker) Nick Athanas, James Reeve
| Tel: +44 (0)20 3328 5656 |