Dental News - Q&M Dental Group to invest in foreign businesses

Daniel Zimmermann, DTI

Mon. 29. November 2010

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HONG KONG/LEIPZIG, Germany: Singapore’s largest provider of private dental healthcare services is extending its reach into the Asian markets. Earlier this month, Q&M Dental Group announced to have acquired a majority stack in DWM, a privately held dental practice business in Malaysia, through its subsidiary in Kuala Lumpur. The company also announced plans to merge with Shenzhen New Perfect Exact Research, one of China’s largest providers of dental laboratory services.

Founded in 1999, Q&M currently maintains over 35 dental clinics with over 400 dentists and other dental personnel in Singapore and China. Reported total revenue of the group for the first two quarters in 2010 was S$17,8 million (US$13,5 million). The DWM acquisition, which is considered as first step of achieving bigger market share in Malaysia, will cost the company shares worth S$437.500 (US$330.000).

Q&M also indents to spend RMB98 million (US$14,6 million) in cash and new shares for the acquisition of New Perfect. The transaction plan will be presented to shareholders during an extraordinary general meeting before applying to the Singapore Stock Exchange later this year, the company said in a press release.

Commenting on the Proposed Joint Venture, Q&M CEO Dr Ng Chin Siau said, “Besides generating new earnings streams for the Group, our proposed entry into dental laboratory businesses will provide support to our clinics in the People’s Republic of China with a wide variety of dental products. Our maiden joint ventures have raised the Group’s profile and we intend to continue identifying strategic opportunities there while integrating the operations of our new overseas companies.”

Earlier in August, the Q&M entered the Chinese market by forming joint ventures with two dental groups in Beijing and Nanjing. At the same time, the company also signed a agreement to invest in a dental laboratory company based in the country’s Zhejiang Province.

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