Q&M Dental subsidiaries propose entering JV to offer laboratory services
Under that, Q&M Dental (Shenyang) will own a 49% stake and Singapore Dental Cadcam Laboratory will hold 51%
[SINGAPORE] Two subsidiaries of Q&M Dental are looking to enter a joint venture (JV) to offer lab services, said Aoxin Q&M Dental on Friday (Sep 12).
The Catalist-listed group said that its wholly owned subsidiary, Q&M Dental (Shenyang), entered a memorandum of understanding (MOU) with Singapore Dental Cadcam Laboratory (SDCL) on Sep 11.
SDCL is a wholly owned subsidiary of Aoxin Q&M Dental’s parent and controlling shareholder, Q&M Dental.
The MOU relates to the formation of a JV to provide laboratory services including processing of porcelain crown, bridges and dentures, and development of dental inlay technology, said Aoxin Q&M Dental.
Under the proposed JV, Q&M Dental (Shenyang) will own a 49 per cent stake and SDCL will hold 51 per cent.
The parties are discussing terms of the proposed JV and have agreed to enter a definitive agreement within a period of six months starting from Sep 11, said Aoxin Q&M Dental.
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The company that the proposed JV will operate through, Dental Excellence Digital Services Centre, was incorporated on Aug 4.
The JV company will have an issued and paid-up share capital of S$100 comprising 100 ordinary shares.
Its incorporation is funded through internal resources and is not expected to have material impact on Aoxin Q&M Dental’s net tangible assets and earnings per share for the current financial year ending Dec 31, 2025, the company said.
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It also said that there is no certainty or assurance that the proposed JV will be completed.
Shares of Q&M Dental finished Friday 3.2 per cent or S$0.015 higher at S$0.49; shares of Aoxin Q&M ended Friday flat at S$0.063, before the news.
