Aoxin and Q & M Dental Group (SGX:1D4) allotted and issued 233,413 shares in the capital of the company to an employee under its performance share plan, according to a filing with the Singapore Exchange on Wednesday.
The employee was operating at the Anshan Lishan District Aoxin Q&M Stomatogy Polyclinic, which is in the process of being closed. This means that the remaining 727,152 shares subject to vesting will lapse with immediate effect.
The new shares are expected to be listed and quoted on Dec. 27.
Following the allotment and issuance of the new shares, the number of issued and paid-up shares in the capital of the company has increased from 511,288,635 to 511,522,048 ordinary shares.
Shares of the dental group were up over 4% in recent trading.
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