Q&M buys dental clinic for $5.5m in shares

Q&M Dental Group (Singapore) has agreed to buy a dental clinic in Singapore's Orchard Road district valued at $5.5 million in an all-share transaction.

The 15.09 million consideration shares will be priced at 36.45 cents apiece, or 90 per cent of the volume-weighted average price of Q&M's shares on March 17.

They represent about 2.5 per cent of Q&M's outstanding 603.04 million shares as at last Dec 31.