Q&M Dental gets approval for China manufacturing unit spin-off

MAINBOARD-LISTED Q&M Dental Group (Q&M) said on Thursday it has received approval for the quotation of shares of Aidite on the new third board from China's National Equities Exchange and Quotations Co.

Aidite is Q&M's China manufacturing business conducted through its indirect unit, Qinhuangdao Aidite High Technical Ceramic Co.

The quotation of Aidite shares on the new third board is subject to the fulfilment of the requirements set out in the approval letter, including the completion of the quotation procedures and filings with the relevant securities regulatory bureau.

Q&M added that it will make further announcements on the proposed spin-off in due course.