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No Signboard Holdings’ controlling shareholder proposes 29% share transfer to Q&M Dental founder

Khairani Afifi Noordin
Khairani Afifi Noordin3/7/2022 09:18 PM GMT+08  • 2 min read
No Signboard Holdings’ controlling shareholder proposes 29% share transfer to Q&M Dental founder
GuGong has entered into a conditional SPA with the founder of Q&M Dental Group Dr Ng Chin Siau
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No Signboard Holdings’ controlling shareholder GuGong has entered into a conditional sale and purchase agreement (SPA) with the founder and group CEO of Q&M Dental Group Dr Ng Chin Siau in relation to the sale of 134 million ordinary shares in the capital of the company.

This represents approximately 29% of the total issued and paid-up capital of No Signboard by GuGong to Ng, for a total consideration of $1 based on the terms and conditions of the SPA.

As a condition to the completion of the proposed share transfer, Ng and No Signboard will enter into a conditional loan agreement on terms to be agreed between the parties, pursuant to which Ng shall extend the company an interest-free unsecured loan of an aggregate principal amount of $2.6 million.

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