Aoxin Q&M Dental Group to Place Up to 113 Million New Shares at S$0.1566 Each

Reuters03-03 00:34

Aoxin Q&M Dental Group to Place Up to 113 Million New Shares at S$0.1566 Each

Aoxin Q & M Dental Group Ltd. announced it has entered into placement agreements to issue up to 113.0 million new ordinary shares at S$0.1566 per share, raising gross proceeds of up to about S$17.7 million. The fundraising comprises a best-efforts placement of up to 63.0 million shares arranged by SAC Capital and a 50.0 million share subscription by controlling shareholder Q & M Dental Group (Singapore) Limited, with the latter subject to independent shareholder approval at an extraordinary general meeting. Net proceeds are estimated at about S$17.0 million and will be used mainly for business expansion, including potential investments, partnerships, and mergers and acquisitions, with a smaller portion for working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aoxin Q&M Dental Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: CK23SOAHSDN70UYW) on March 02, 2026, and is solely responsible for the information contained therein.

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