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Q&M Dental announces prospective M&A deals in China

Vincent Chia
Q&M Dental announces prospective M&A deals in China

Q&M Dental Group (Singapore) Limited announced that it has signed 2 MOUs to acquire a 60% stake each in 2 dental clinic entities. The first is in Panjin City, Liaoning Province, China which has 2 dental clinics. The second is in Gaizhou City, Liaoning Province, China which has 1 dental clinic. The total purchase consideration for both is RMB 12.16million. These will come with profit guarantees and 12 service agreements from the vendors. The transactions are subjected to due diligence and the necessary approvals. Separately Q&M Dental also announced that it has signed a Letter of Intent with the Liaoning Medical University and its affliated hospital LMU Stomatology Hospital No. 2. This is to explore the partnership of running the hospital and the Stomatology faculty privately.

GET TO THE POINT : Sounds like the next wave of China M&A for Q&M Dental.

(Picture from Q&M Dental Group (Singapore) Limited)

The post Q&M Dental announces prospective M&A deals in China appeared first on Asean Equities Review.