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Q & M Dental Group (Singapore) Ltd's subsidiary announces acquisition of 60pct stake in nanjing sucoronal dentistry technique center

Monday, 10 Mar 2014 09:44am EDT 

Q & M Dental Group (Singapore) Ltd:Says its wholly owned subsidiary, Q & M Dental Holdings (China) Pte. Ltd. (Q&M China) entered into a non-binding memorandum of understanding (MOU) with Zhang Haiquan to acquire 60 pct stake in nanjing sucoronal dentistry technique center.Q&M China will purchase 60pct of shares for a total consideration of 21 million yuan (about S$4.375 million).Consideration shall be paid either in cash or the company shares or partly in both.Says 11 million yuan of consideration will be paid to the seller while the remaining 10 million yuan will be injected into nanjing sucoronal as new equity. 

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