UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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| of Incorporation) | Identification No.) |
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| Common Stock | N/A | N/A |
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Item 5.01 Changes in Control of Registrant
On August 12, 2024, Leong Weng Fong acquired a controlling equity stake in MEDIES (the "Company") through a privately negotiated transaction. Mr. Leong purchased 4,300,000 shares of the Company's common stock, consequently Mr. Leong is now able to unilaterally control the election of the board of directors, all matters requiring shareholder approval, and the overall direction of the Company.
Additionally, on August 12, 2024, Kenneth Tindall resigned from all executive officer positions with the Company, including CEO, CFO, Treasurer, Director and Secretary, effective immediately. Similarly, on the same date, Simon Kidd resigned from his role as the Company's Executive Vice Chairman, effective immediately.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As of August 12, 2024, Kenneth Tindall is no longer holding the positions of CEO, CFO, Treasurer, Director and Secretary of MEDIES (the "Company"). Mr. Tindall's decision to resign was not due to any disagreement with the Company's operations, policies, or practices. The Board of the Company appointed Leong Weng Fong as the new CEO, CFO, Director and Secretary, effective on August 12, 2024.
Additionally, on August 12, 2024, Mr. Simon Kidd submitted his resignation from the Company's Executive Vice Chairman role, effective immediately.
Mr. Leong is a graduate of the University of Southern California (USC), where he earned double first-class honors in Bachelor of Arts in Economics and Bachelor of Science in Business Administration. He also holds a Master's degree in Financial Engineering from USC.
Following his academic achievements, Mr. Leong embarked on a successful career in finance, holding analyst positions at firms such as Merrill Lynch and Barclays Capital, as well as an associate role at Copal Partners. He has also been involved in various entrepreneurial ventures, including a VIP junket in Macau, a fintech company, and an outdoor furniture manufacturing firm.
In addition to his finance and business experience, Mr. Leong has established himself as a real estate developer, with a focus on the Macau market, and has investments in Real Estate Investment Trusts (REITs) in Hong Kong.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| MEDIES | ||
| By | /s/ Leong Weng Fong | |
| Name: Leong Weng Fong | ||
| Title: Chief Executive Officer | ||
Date: August 14, 2024
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