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Q&M Acquires 6 Dental Clinics In Malaysia

Shares Investment

Q & M Dental Group (Singapore) has entered into binding points of agreement to acquire a 60 percent stake in Yong Dental, Smilebay Dental and Smilebay (BW) (collectively known as Smilebay Dental Clinics), which operates six dental clinics in Penang, Malaysia.

The consideration for the purchase is RM12.3 million, to be paid via RM6.8 million in cash and RM4.5 million in Q&M’s shares (at an issue price of the higher of $0.72 or 90 percent weighted average price of the trades done on the firm’s share on 19 June).

The agreement also includes a twelve year profit guarantee, with a further guarantee that Q&M will receive 60 percent of the profit guarantee amount during the period.

The deal is in line with the group’s plan to continue the expansion of its main dental business in Malaysia.



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