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Aoxin Q&M to close Dalian clinics temporarily; expects to register losses for the current FY due to Covid-19

Felicia Tan
Felicia Tan12/21/2020 06:13 PM GMT+08  • 2 min read
Aoxin Q&M to close Dalian clinics temporarily; expects to register losses for the current FY due to Covid-19
The closures are expected to last for at least two weeks.
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Aoxin Q&M announced on Dec 21, that it expects to register an operating loss for the current financial year ending Dec 31, on the back of the Covid-19 outbreak and gestation losses from its newly opened dental hospitals and clinics.

On Dec 19, the Health Commission of Dalian City issued a directive to all medical facilities in the city to temporarily suspend all non-emergency medical treatments including dental services, due to domestically transmitted asymptomatic Covid-19 cases recently.

In accordance with the directives, Aoxin Q&M says its two operations in Dalian, namely Dalian Aoxin Quanmin Stomatology Hospital Co., Ltd. and Zhuanghe City Aoxin Dawei Dental Co., Ltd. have temporarily closed from Dec 19 and Dec 21 respectively.


SEE: Q&M buys 400,000 shares in Aoxin Q&M for $52,355.04

The closures are expected to last for at least two weeks.

The re-opening date will be announced once the group receives new directives, it says.

As it is, the group’s operations for the 1HFY2020 ended June were negatively impacted due to the temporary closure of its dental centres in February and March 2020, as well as the subsequent impact of Covid-19 during the re-opening.

Shares in Aoxin Q&M closed 1 cent lower or 5.3% down at 18 cents on Dec 21.

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