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Q&M's Ng raises deemed stake in company with open market buying at 55.9 cents apiece

The Edge Singapore
The Edge Singapore  • 1 min read
Q&M's Ng raises deemed stake in company with open market buying at 55.9 cents apiece
Under Ng, Q&M is on an acquisition binge, pursuing three concurrent acquisitions in home ground Singapore, as well as Thailand and Australia / Photo: Albert Chua of The Edge Singapore
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Quan Min Holdings, an entity used by Dr Ng Chin Siau and related parties to control Q&M Dental Group, has increased its stake in the growing dental chain.

On March 17, Ng paid $1.33 million to buy 2.38 million shares from the open market, which works out to an average of 55.9 cents apiece.

This brings the total stake under Quan Min Holdings from 55.69% to 55.94%, or just over 528.32 million shares.

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