SGX-listed Q&M Dental Group, one of the largest private dental healthcare group in Singapore, said Tuesday that it plans to buy TP Dental Surgeons for S$28.6 million ($21.5 million).
It will pay S$18 million in cash and S$10.6 million through the issuance of shares in Q&M at an issue price of S$0.70668 per share for TP Dental Surgeons that is owned by five dental practitioners – Dr Hwang Yee Cheau, Dr Phua Tin Cock, Dr Tng Thiam Huat, Dr Ngan Kee Leong and Dr Chin Yee Fatt.
