q&m dental

The acquisition target has a network of more than 40 clinics and about 120 dentists

The company intends to buy 100% of the issued share capital of the local dental group

Over the five trading sessions,from Nov 28 to Dec 4, more than 80 director interests and substantial shareholdings were filed

Purchase consideration will be satisfied by a combination of cash and new ordinary shares

The proposed JV will be 49 per cent owned by Q&M Dental (Shenyang) and 51 per cent owned by Singapore Dental Cadcam Laboratory

The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible

It declares an interim cash dividend of S$0.004 per share for the period, unchanged from the year before

The company cites ‘differences in views and opinions’ with parent Q&M Dental regarding the direction of the dental business as the reason for Dr Shao Yongxin leaving

Offeror does not intend to revise offer price nor or extend offer beyond closing date