Q&M buys dental clinic for $5.5m in shares
Vendor guarantees annual profit of at least $525,000
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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.
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