Q&M Dental buys Jurong shop units, stake in Malaysia dental practice
Published on Mar 3, 2014 8:59 AM
Singapore-listed dental healthcare group Q&M Dental said on Monday it has exercised an option to buy three adjoining Housing Board shop units in Jurong East for $12.15 million.
The shop units at #01-213, #01-215 and #01-217 Block 130 Jurong Gateway Road are being bought from United Overseas Bank.
They were valued at $13 million as at Jan 27, according to a valuation by Collier International Consultancy & Valuation (Singapore). The purchase will be funded by the company's internal funds and bank loans, Q&M said.
It also said in a separate announcement that it has agreed to buy a 70 per cent shareholding in Malaysian dental business Ng GK Dental Surgery (Melaka).
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!