Q & M Dental Group is a leading dentistry chain in the region with about 100 dental outfits in Singapore, Malaysia, and China.
(Photo: Company)
Q & M Dental Group has been keeping up with its momentum of expanding its network of dental clinics in Singapore and Malaysia.
It recently inked a deal to acquire a dental clinic located in Menara Weld in Kuala Lumpur for RM 300,000 (about S$96,774). Menara Weld is a 26-storey commercial officer tower with 6 levels of retail and F&B outlets located within the Golden Triangle of Kuala Lumpur, its most prominent retail belt.
| Stock price | 65c |
| 52-week range | 65c - 77.5c |
| Market cap | S$518.2m |
| PE | 18.3 x |
| Price-Book | 4.3 x |
| Dividend yield | 1.72% |
| Source: StockFacts | |
The Group’s subsidiary, Q & M Dental Surgery (Bandar Puteri Puchong) Sdn. Bhd., entered into a sale and purchase agreement on 9 June with dentist Christopher Tan to acquire the assets of CS Tan Dental Surgery located at level 6 of Menara Weld.
Dr Tan will give an undertaking to continue managing the dental clinic for 10 years beginning from the completion date of the acquisition.
He will also guarantee that the clinic’s audited net profit will be at least RM 497,393 (about S$160,449) during this period.
Q & M Dental Group also entered deals in May to acquire two dental clinics at Chin Swee Road and in Hougang in Singapore at S$350,000 each.
|
Date |
Clinic Location |
Purchase Consideration |
Vendor Service Tenure |
|
9 June 2017 |
Menara Weld, Kuala Lumpur |
~S$96,774 |
10 years |
|
24 May 2017 |
Hougang St 21, Singapore |
S$350,00 |
5 years |
|
16 May 2017 |
Manhattan House, Singapore |
S$350,000 |
6 years |
The Group had 71 dental clinics, 4 medical clinics, and one aesthetic centre in Singapore, 4 dental hospitals and 8 dental clinics in China, and 7 dental clinics in Malaysia as at 31 March 2017. More recently, the Group commenced operations of its new dental clinics at Yew Tee Point and at Punggol NEL MRT in Singapore. Two dental clinics at Boon Lay were also consolidated into one.
For information on its 1QFY2017 financial results, click here.
