Between Jun 10 and 11, Q & M non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 54.25 to 54.92 per cent. The 6,427,900 shares were acquired by Quan Min Holdings at an average price of S$0.395 apiece. At the end of April, Dr Ng&rsquo s total interest had stood at 53.02 per cent.

 

The recent spate of acquisitions coincided with the group commencing a share buyback programme on May 8, under which 1,651,200 shares, or 0.17 per cent of the outstanding shares were repurchased. These were the first share buybacks undertaken since November 2021.

 

At the company&rsquo s FY2024 annual general meeting, Dr Ng announced that Q & M was committed to share buybacks of up to 50 million shares. He stressed the importance of performance share plans in the dental services provider&rsquo s drive to retain employees.

 

Between May 30 and June 3, Q & M Dental Group (Singapore) non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 53.92 per cent to 54.23 per cent. The 2,812,300 shares were acquired by Quan Min Holdings at an average price of S$0.355 apiece. Since the end of April, Dr Ng has increased his total interest from 53.02 per cent. At the FY24 AGM in late April, Dr Ng shared that after strong organic growth during Covid, the company expects to pursue more mergers and acquisitions over the next two to three years, while the chief operating officer also noted rising interest from AI-driven firms seeking its information management and treatment services.