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Q&M Dental says Malaysia court has granted injunctions on Johor improprieties
MAINBOARD-LISTED Q&M Dental Group, which operates a chain of dental clinics, said a Malaysia court has granted orders in its favour against individuals for improprieties uncovered in its Johor Bahru dental business last July.
Two individuals being sued are Dr Matthew Hong An Liang, a former dentist at Q&M Johor, and Madam Chong Lee Lee, the former general manager of Q&M Johor.
"Amongst others, the evidence suggested that both had deposited or transferred funds of the company into their personal accounts, and that they had set up a competing business directly located behind one of the Q&M Johor clinics, using the company's resources without approval," Q&M said.
The High Court of Malaya at Johor Bahru has granted several injunction orders, some which prohibit Dr Hong, Mdm Chong and related parties from entering into any Q&M Johor clinics or interfering with their business, tampering with the company's property, and intimidating its staff.
Dr Hong is also charged with using criminal force against and intimidating one of the dentists.
Q&M said that its Johor contributions do not materially affect the company's performance and financial results.
The company last traded at S$0.70, down half a cent, before the announcement.