Q & M Dental (SGX:QC7) entered into a non-binding agreement with certain shareholders of Delun for the proposed acquisition and investment in the China-based oral healthcare provider, a filing with the Singapore Exchange said on Wednesday.
Under the proposed investment, the company will acquire a 25% stake in Delun.
The proposed investment is part of the company's strategy to expand its dental business in China.
Shares of the dental company were down over 3% in recent trading.
Price (SGD): S$0.31, Change: S$-0.010, Percent Change: -3.17%
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