Modern Dental Group Subsidiary to Acquire 74% Stake in Thai Dental Laboratory

MT Newswires Live11-22 17:42

Modern Dental Group's (HKG:3600) subsidiary Modern Dental Asia Pacific agreed to purchase a 74% stake in Hexa Ceram, a dental laboratory in Thailand, from Acheval Holdings and Hexa Europe for a total of HK$214.1 million, a Hong Kong bourse filing on Thursday said.

Under the deal, Modern Dental Asia Pacific will purchase a 25% stake in the target company from Acheval Holdings for HK$74.4 million, and another 49% stake from Hexa Europe for HK$139.7 million.

Modern Dental has also been granted a call option to buy some or all of the option shares held by Anucha Meekiatichaikun, who owns 26% of the registered capital of the target company.

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