Aoxin Q & M Dental Group Confirms Receipt of Letter of Demand from Controlling Shareholder

MT Newswires

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Aoxin Q & M Dental Group (SGX:1D4) confirmed the receipt of a letter of demand against its chief executive officer, Shao Yongxin, for a sum of 72.3 million yuan from its controlling shareholder, Q & M Dental Group (SGX:QC7), according to a filing with the Singapore Exchange on Friday.

The sum arises from shortfalls under certain profit guarantees made by the CEO in connection with the acquisition of Shanghai Q & M Investment Management & Consulting of Shenyang Xinao Hospital Management from Shao.

The controlling shareholder is seeking legal advice and is expected to consider all available options to recover the amount.

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M Dental Group (SGX:1D4) confirmed the receipt of a letter of demand against its chief executive officer, Shao Yongxin, for a sum of 72.3 million yuan from its controlling shareholder, Q &amp; M Dental Group (SGX:QC7), according to a filing with the Singapore Exchange on Friday.</p><p>The sum arises from shortfalls under certain profit guarantees made by the CEO in connection with the acquisition of Shanghai Q &amp; M Investment Management &amp; Consulting of Shenyang Xinao Hospital Management from Shao.</p><p>The controlling shareholder is seeking legal advice and is expected to consider all available options to recover the amount.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6511","symbol_name":"医疗保健服务概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2529812820","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529812820","pubTimestamp":1745203436,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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