Q&M Dental group says its indirect subsidiary Shenyang Xin'Ao Hospital Management Co has entered in to three separate definitive agreements to acquire a 60% stake in 5 dental clinics located in Liaoning Province, China.
The first agreement is for the acquisition of a 60% stake in 3 dental clinics in Panjin City from Dr Ren Hong for RMB 12.2 million, the second is for the 60% stake in a dental clinic in Panjin City from Dr Zhang Chun for RMB 6.5 million, and the third agreement is for the 60% stake in a dental clinic in Gaizhou City from Dr Li Zhou and Dr Gao Huiying for RMB 2.4 million.
Q&M says the proposed acquisitions are in line with the group's plan to continue expanding its dental business in China and add 4 fully operational clinics in the same region.
Q&M shares closed 0.7% lower at 75 cents on Oct 20.
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The first agreement is for the acquisition of a 60% stake in 3 dental clinics in Panjin City from Dr Ren Hong for RMB 12.2 million, the second is for the 60% stake in a dental clinic in Panjin City from Dr Zhang Chun for RMB 6.5 million, and the third agreement is for the 60% stake in a dental clinic in Gaizhou City from Dr Li Zhou and Dr Gao Huiying for RMB 2.4 million.
Q&M says the proposed acquisitions are in line with the group's plan to continue expanding its dental business in China and add 4 fully operational clinics in the same region.
Q&M shares closed 0.7% lower at 75 cents on Oct 20.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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