EM2AI has been a 49% owned associate company of Q&M Dental since March 5, 2024, when the company completed a partial loan conversion. The 51% was previously owned by an investment holding company in which Q&M Dental’s executive director and group CEO Ng Chin Siau is a major shareholder of.
Q&M Dental has completed the acquisition of the remaining 51% of shares that it does not already own in associate EM2AI, according to a bourse filing on Apr 11.
The dental group first announced its acquisition plans on March 31, for a consideration of 1.606 million ordinary shares worth $1.76 million.
