Under the agreement, Q&M Dental Group (Malaysia) will acquire 70% of Lee’s shares in D&D Dental for a cash consideration of RM840,000 ($336,000 at the time).
Q&M Dental Group says its wholly-owned subsidiary, Q&M Dental Group (Malaysia) has filed a notice of arbitration on Oct 21 with the Singapore International Arbitration Centre (SIAC) against Dr Lee Chin Sze over disputes between the group and Lee in connection with the shareholders’ agreement made on Sept 12, 2012.
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