Q & M Dental Group (Singapore)

On May 26, Q & M Dental Group (Singapore) non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 53.72 per cent to 53.92 per cent. The 1,882,200 shares were acquired by Quan Min Holdings at an average price of S$0.345 apiece.

 

Since the end of April, Dr Ng has increased his total interest from 53.02 per cent. The group reported its FY2024 results in early March. Despite total revenue being comparable to FY2023, FY2024&rsquo s focus on operational efficiency and cost discipline led to a 27 per cent increase in attributable net profit to S$14.6 million, with FY2025&rsquo s strategy targeting regional expansion and ESG. 

Offeror does not intend to revise offer price nor or extend offer beyond closing date

 

[SINGAPORE] Q& M Dental Group : QC7 -1.49% said on Monday (May 19) that its mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q& M : 1D4 -18.46% at S$0.0321 per share will close at 5.30 pm on Jun 16.

 

Q& M Dental Group : QC7 -1.49%, the offeror, does not intend to revise the offer price or extend the offer beyond the closing date.

 

The group added that it has electronically disseminated the formal offer document to shareholders on Monday.

 

The offeror concert party group currently holds an aggregate of 2.6 million shares, representing approximately 50.5 per cent of the total number of issued shares.

 

The offeror concert party group comprises Q& M Dental Group : QC7 -1.49% and its directors its parent group, Quan Min Holdings Dr Ng Chin Siau, the group chief executive officer as well as his wife and Ng Sook Hwa, the chief financial officer of the group. Ng Sook Hwa is also the sister of Dr Ng.

 

The offeror added that it currently intends to maintain the present listing status of the company on the Singapore Exchange following completion of the offer.

 

If the offer is fully accepted, Q& M Dental Group : QC7 -1.49% will pay about S$8.1 million for the offer shares.

 

This development came after Q& M Dental Group : QC7 -1.49% increased its stake in Aoxin Q& M : 1D4 -18.46% from 33.33 to 50.53 per cent.

 

In accordance with Rule 14.1 of the Singapore Code on Take-overs and Mergers, Q& M is required to make a cash offer for all remaining shares not already owned, controlled, or agreed to be acquired.

Between May 2 and 5, Q & M Dental Holdings non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 53.02 per cent to 53.17 per cent. The 1.4 million shares were acquired at an average price of S$0.30 apiece. The shares were bought both directly and through Quan Min Holdings. Dr Ng oversees the corporate direction of the group, leading business strategies, policy planning, and development in Singapore, Malaysia, and China. His preceding acquisition via the market was in November 2021.

 

For FY24, it reported total revenue of S$180.7 million, driven by the resilience of its core dental business, which contributed S$173.8 million. The Malaysian dental clinics also saw increased contributions during this period. While total revenue was comparable to FY23, concentration on operational efficiency and cost discipline saw FY24 attributable net profit increase 27 per cent from FY23 to S$14.6 million. For FY25, its strategy focuses on three key areas: regional expansion, sustainability and ESG (environmental, social and governance). In Singapore, it aims to explore new outlet locations for growth, while in Malaysia, it is looking to expand its dental business, particularly in the Johor-Singapore Special Economic Zone.

 

For its artificial intelligence (AI) and digital transformation strategy, Q & M Dental has been dedicated to developing AI solutions, since November 2018, with the establishment of the EM2AI subsidiary. Looking ahead, Q & M Dental plans to deploy AI-powered dental charting across all its clinics and establish industry-academia partnerships by the end of FY25. In March 2025, it also signed a binding agreement with a major dental solutions provider in South-east Asia, granting them a licence to integrate EM2AI&rsquo s dental AI solutions into their platform. The group believes that this collaboration will significantly expand EM2AI&rsquo s reach, enabling it to provide dental AI solutions to over 1,100 clinics across Singapore, Malaysia, Thailand, Vietnam and Australia.

 

Following Q & M Dental&rsquo s recent increase in its interest in Aoxin Q & M Dental Group (Aoxin) from 33.33 per cent to 50.53 per cent, it has made a mandatory unconditional cash offer to acquire all the shares it does not already own. With an offer of S$0.0321 per share, Q & M Dental says that it is its intention to maintain the present listing status of Aoxin following completion of the offer. Q & M Dental has also recently proposed a secondary listing of the company on the main market of Bursa Malaysia.