SINGAPORE - Q&M Dental Group announced that it had received approval for the quotation of Aidite shares on the new third board in China.
Mainboard-listed Q&M had proposed the spin-off of Aidite, its manufacturing unit in China, in August. The group received approval from China's National Equities Exchange and Quotations, albeit subject to the fulfilment of the requirements set out in the approval letter. These include the completion of the quotation procedures and filings with the relevant securities regulatory bureau.
Q&M added that it would make further announcements on the proposed spin-off in due course.