SG Dealbook: Q&M strategic review; Funding Societies’ Malaysia launch

Q&M Dental Group is conducting a strategic review of its business operations while Funding Societies is expanding to Malaysia.

Q&M Dental Group conducts strategic review

Dental healthcare provider Q&M Dental Group, which has a network of more than 60 clinics, is conducting a strategic review of its business.

According to a Thursday night filing with the SGX, it will be conducting an independent review of options available for its business that are aligned with commitments to enhancing shareholder value.

Q&M Dental has appointed Religare Capital Markets Corporate Finance to carry out the review, stating: “As part of the strategic review, the company, through Religare Capital Markets, may undertake preliminary discussions with various parties to evaluate the viability of options available for its business.”

There is no assurance any transactions will materialise from the strategic review and will keep the market updated of any developments emerging from this review.

Funding Societies expands to Malaysia

Singapore-based Funding Societies – funded by global and regional venture capital firms, Sequoia India and Alpha JWC.- has expanded its peer-to-peer (P2P) financing platform to Malaysia to provide SMEs and investors with trusted alternative financing and investment opportunities.

Speaking at the launch, Kelvin Teo, Co-Founder of Funding Societies said, “Peer-to-Peer financing is a proven concept globally, paving the way for small and medium-sized companies to access a new avenue of financing. As one of the most established regional P2P financing platforms in Southeast Asia, we are excited to bring our regional expertise back home to Malaysia to make a positive impact on the Malaysian society.”

“Since June 2015, Funding Societies has originated almost RM90 million in financing in Singapore and Indonesia. In addition, Funding Societies has a 2% default rate, being one of the lowest in the region, thus providing returns greater than 10% to investors on an overall basis”, Teo adds.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.