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Q&M Dental to dispose remaining 12.2% stake in Aidite Qinhuangdao for RMB122.5 mil

Felicia Tan
Felicia Tan1/15/2021 6:39 PM GMT+08  • 3 min read
Q&M Dental to dispose remaining 12.2% stake in Aidite Qinhuangdao for RMB122.5 mil
Q&M says it may use the proceeds to declare a special dividend for shareholders, amongst other uses.
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Q&M Aidite International (QMAI), the subsidiary of Q&M Dental, has entered into a share purchase agreement with Aidite (Qinhuangdao) Technology (Aidite Qinhuangdao) and its shareholders to sell its remaining 12.246% stake in Aidite Qinhuangdao.

As at Jan 15, Aidite Qinhuangdao’s shareholders comprise Tianjin Yuan Yi Enterprise Management and Consulting Center, Tianjin Wen Di Enterprise Management and Consulting Center, Tianjin Jie Ying Management and Consulting Center, Suzhou Junlian Xinkang Venture Capital Partnership, Health Advance Limited, Schroder Adveq Asia Hong Kong I Limited and ASP Hero SPV Limited.

The agreement, which was signed on Jan 15, follows Q&M’s announcement on Nov 12, 2020, that QMAI has agreed to dispose of 36% of the registered capital of Aidite to Suzhou Junlian Xinkang Venture Capital Partnership, Health Advance Limited, Schroder Adveq Asia Hong Kong I Limited and ASP Hero SPV Limited.

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