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SGX:1D4

3 stories mentioning SGX:1D4Updated 32d ago

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Asia

Aoxin Q & M Dental's Former CEO Faces Further China Probe Over Alleged Fraud; Shares Down 4%

Aoxin Q & M Dental's (SGX:1D4) former chief executive officer, Shao Yongxi, is now facing further investigation related to obtaining funds from whistleblowers for his own personal use, according to a Friday filing with the Singapore Exchange.Shares of the dental services company were down over 4% in Monday trading.Under the latest claims, the number of persons to whom the ex-CEO tried to sell shares could be more than four, while the number of shares could also not be limited to 2.8 million shares.One of the affected individuals claims to have given Shao funds of 6.5 million yuan for the sale of around 6.9 million shares to him, in a police report lodged on July 2.

SGX:1D4
Asia

Aoxin Q & M Dental Proposes Transfer to Singapore Bourse's Mainboard

Aoxin Q & M Dental (SGX:1D4) outlined its plans to propose a transfer to the mainboard of the SGX-ST and submitted an application related to the transfer on June 26, according to a Friday filing with the Singapore Exchange.Shares of the dental services company were up over 2% in Monday trading.The company has demonstrated sustained profitability in the last four financial years, and listing on the Mainboard will improve the company's visibility and broaden its shareholder base.The proposed transfer is subject to SGX approval and the ability of the company to satisfy relevant listing requirements.

SGX:1D4
Asia

Aoxin Q & M Dental Signs MOU to Acquire Dental Group in Southern China

Aoxin Q & M Dental Group (SGX:1D4) signed a non-binding memorandum of understanding to acquire another dental group in Southern China for 376 million yuan, according to a Monday filing with the Singapore Exchange.The acquisition is part of the company's strategy to expand its presence in China.This follows the dental services company signing an MOU in March to acquire a dental services company based in Central China for 150 million yuan.Upon completion of these two acquisition, Aoxin Q & M Dental Group will have a combined network of around 45 clinics and 140 dental professionals.Both transactions are subject to due diligence and execution of definitive agreements, the filing added.

SGX:1D4

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