Brief: Q & M Dental Group (Singapore) Announces Disposal Of 36% Stake Of Aidite (Qinhuangdao) Technology

Q & M Dental (Singapore)

10/10/2019 13:37

Oct 10 (Reuters) - Q & M Dental Group (Singapore) Ltd
 QMDT.SI :
    * ANNOUNCES PROPOSED DISPOSAL OF 36.000% OF REGISTERED
CAPITAL OF
AIDITE (QINHUANGDAO) TECHNOLOGY CO., LTD
    * Q & M DENTAL GROUP (SINGAPORE) - GROUP WILL RECEIVE ABOUT
S$49
MILLION IN NET PROCEEDS FROM SALE, GIVING RISE TO AN ESTIMATED
GAIN ON DISPOSAL OF S$19 MILLION
    * GROUP WILL CONTINUE TO RETAIN 12.3% OF REGISTERED CAPITAL
OF
AIDITE
    * FOLLOWING COMPLETION OF SALE, QMAI WILL ALSO ENTER INTO A
JV
AGREEMENT WITH OTHER SHAREHOLDERS OF AIDITE
    * Q & M TO SELL PARTIAL STAKE IN AIDITE (QINHUANGDAO)
TECHNOLOGY
CO., LTD. FOR RMB 360 MILLION
    * GROUP ALSO PLANS TO USE PART OF PROCEEDS TO DECLARE A
SPECIAL
DIVIDEND TO SHAREHOLDERS

Source text for Eikon: urn:newsml:reuters.com:*:nSNZ9flWfp
Further company coverage:  QMDT.SI 

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