Investment Merits
| Strong parentage - MED LLC as a new substantial shareholder |
• |
Major Dubai based property developer specializing in mixed-use developments,
integrated townships and high-end residential apartments in Dubai and other gulf
countries. |
• |
The founder, chairman and controlling shareholder in MED, Sheikh Tarek
Mohammed Bin Laden is a prominent and influential business figure in the
Middle East. |
New Financial Strengths: |
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A subscription, placement and rights issue completed in April 2007 resulted in net
proceeds of SGD$13.20M. The funds have resulted in an improved financial
position and strengthened balance sheet. |
• |
MEDS's waterproofing and building protection products have great potential for expansion in the Middle East, due to the frenetic pace of building and
development. |
New Growth Drivers and New Markets: |
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MEDS has new growth opportunities in property development and management. |
• |
It has ready access to the huge Middle East market as it has strategic leverage
via its parent MED LLC which has an extensive portfolio of projects and a wealth
of expertise and track record in the sector,
With the support of its strong parent, MEDS is well positioned to forge ahead with
its growth plans in Asia, especially China which is expected to continue enjoy
robust economic growth and rising real estate demand in the long term. |
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