Q&M dives on vendor share sale plan
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Singapore
SHARES in Q&M Dental Group were sent reeling on Friday, on news that substantial shareholders Quan Min Holdings and Heritas Helios Investments intend to undertake a vendor sale.
The counter opened at S$0.90 after the lifting of a three-day trading halt during which it also announced a letter of intent (LOI) with Liaoning Medical University (LMU) and a LMU affiliated hospital for a possible partnership; and a memorandum of understanding (MOU) involving dental clinic acquisitions. Both the LOI and MOU were non-binding.
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