The purchase consideration takes into account the history, track record and future prospects of the business, as well as Dr Sebrina’s professional expertise, among others.
Q&M Dental has entered into a binding memorandum of understanding with Veritas Dental and its 90% legal and beneficial owner Dr Sebrina Abdul Malik to acquire Veritas’s dental clinic business for $800,000.
Veritas operates a dental clinic business at 781 Bukit Timah Road. Based on the unaudited accounts of Veritas for the financial year ended Dec 31, 2023, the net book value of the assets of the business was $203,486.
