Stocks to watch: DFI Retail Group, Q&M Dental Group, Aoxin Q&M, Ossia International
The following companies saw new developments that may affect trading of their securities on Tuesday (May 20).
DFI Retail Group: The group’s underlying profit for Q1 2025 fell 18 per cent compared with the same period a year ago, due to the divestment of Yonghui Superstores last year. The Chinese supermarket operator contributed US$23 million in earnings in the corresponding period a year ago. Excluding the divestment, the underlying profit of the mainboard-listed group rose 28 per cent for Q1 compared with a year ago. DFI Retail Group said in a bourse filing on Monday that it continues to expect its underlying profit for FY2025 to be between US$230 million and US$270 million, supported by an organic revenue growth of about 2 per cent. The counter closed US$0.04 or 1.5 per cent lower at US$2.69 on Monday before the announcement.
Q&M Dental Group, Aoxin Q&M: The dental services provider said on Monday that its mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q&M at S$0.0321 per share will close at 5.30 pm on Jun 16. Q&M Dental Group, the offeror, does not intend to revise the offer price or extend the offer beyond the closing date. The group added that it has electronically disseminated the formal offer document to shareholders on Monday. Shares of Q&M Dental Group closed 1.5 per cent or S$0.005 lower at S$0.33 on Monday before the announcement, while shares of Aoxin Q&M closed 18.5 per cent or S$0.012 lower at S$0.053 on Monday.
Ossia International: The mainboard-listed company has appointed Asian Corporate Advisors as the independent financial adviser (IFA) for the unconditional offer made by Ossia’s controlling shareholders to take the lifestyle products retailer and distributor private. In a bourse filing on Monday, Ossia’s board said that the IFA will advise the independent directors of the company on its recommendation to the shareholders in connection with the offer. A circular containing the advice of the IFA and the recommendation of the independent directors will be issued by the company to the shareholders within 14 days of the joint offerors issuing a formal offer document setting out the terms and conditions of the offer. Shares of Ossia International closed S$0.001 or 0.6 per cent higher at S$0.161 on Monday before the announcement.
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