Dr Ng Chin Siau, founder and CEO of Q&M Dental Group (SGX:QC7
) , is yet again involved in another private, off-market transactions with external parties.
In an April 23 SGX filing, Quan Min Holdings, an entity used by Ng and related parties to control Q&M Dental Group, disposed 27 million shares in the company on April 22 to Asdew Acquisitions, Han Seng Juan, and Bryan Lim via married deal.
With a total consideration of $16.2 million, excluding brokerage and stamp duties, this translates to a price of 60 cents per share.
The previous round of married deal, which involves Ng as well, occurred back in April 10, where Q&M Dental Group disposed 30 million shares of Aoxin (SGX:1D4) via married deal to Lion Global Investors.
Shares of Q&M Dental closed 1.5 cents lower, or 2.48% down at 59 cents on April 23.
