“We also understand that Delun is a 51%-owned subsidiary of Whole Shine Medical Technology. Whole Shine acquired its 51% stake in Delun for RMB246 million (around $45.7 million) in 2021,” writes Tay in his Oct 24 report.
CGS International (CGSI) analyst Tay Wee Kuang has maintained his “add” call on Q&M Dental Group (SGX:QC7
) at an unchanged target price of 37 cents following the company’s entering into a memorandum of understanding (MOU) to acquire 25% of Guangdong Delun Medical Group (Delun).
Delun is an unlisted company which runs a dental chain in southern China, owning one dental hospital and managing 28 outpatient clinics, with an operating area of more than 35,000 square meters (sqm) and 400 dental chairs.
