Q&M Dental Group has increased its shareholding interest in Aoxin Q&M to 42.90% from 42.80%.
The group, on August 31, purchased 400,000 shares in the capital of Aoxin Q&M for an aggregate consideration of $52,355.04.
Aoxin Q&M is an associated company of the group and is listed on the Catalist board of the SGX-ST.
The acquisitions were funded from the group’s internal resources and are not expected to have any material impact on the earnings per share or the net tangible assets per share of the group for the financial year ending December 31.
Shares in Q&M closed flat at 46.5 cents on August 31.
