Home News Restructuring

Q&M extracts value from partial sale of Aidite stake, to drill into growth of core dental business

Uma Devi
Uma Devi11/1/2019 07:00 AM GMT+08  • 7 min read
Q&M extracts value from partial sale of Aidite stake, to drill into growth of core dental business
SINGAPORE (Nov 4): There’s never a good time to sell something that is making money for the company,” says Dr Ng Chin Siau, CEO of Q&M Dental Group.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 4): There’s never a good time to sell something that is making money for the company,” says Dr Ng Chin Siau, CEO of Q&M Dental Group.

Yet, Q&M on Oct 10 agreed to sell a 36% stake in Aidite (Qinhuangdao) Technology for a total consideration of $49 million.

The sale will see Q&M pare down its stake in the profit-making associate company to a mere 12.25%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now