Q & M Dental Group offers S$4.375m to acquire a 60% stake in Nanjing Sucoronal Dentistry Technique Center, China, to strengthen its presence in China.
The proposed acquisition will involve the acquisition of eight dental clinics and a dental laboratory operated by Mr Zhang Haiquan.
Q & M will receive a profit guarantee of at least S$8.06m for a 12-year period starting from 2014 until 2025. The proposed acquisition exercise is expected to be completed on 1 June 2014 and will be funded by internal cash, loans and/or issuance of new Q & M shares.
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