This brings the total stake under Quan Min Holdings from 56.7% to 57.02%, which translates to just slightly above 540 million shares.
Dr Ng Chin Siau, founder and CEO of Q&M Dental Group (SGX:QC7
) (Q&M Dental), has tighten his grip on his growing dental chain and the separately-listed Aoxin Q&M Dental Group (SGX:1D4) (Aoxin).
On April 6, Quan Min Holdings, an entity used by Ng and related parties to control Q&M Dental, paid about $1.7 million to buy 3.036 million shares from the open market, which works out to an average of 56.07 cents apiece.
