Q&M plans to open more branches, make more acquisitions in Asia
Published on Jul 7, 2014 10:31 AM
SINGAPORE - Dental group Q&M Dental said on Monday it is looking to open more branches in Asia, especially in China and Malaysia, following the completion of its 60 per cent stake in Shenyang-based Aoxin Stomatology Group.
The Singapore-listed group said it will partner trade promotion agency IE Singapore for its regional expansion plans, which will include both acquisitions and joint ventures.
Q&M is planning to expand in second-tier cities in China's northeastern region as well as to acquire both suppliers and distributors, it added.
Last Friday, the group officially opened the Aoxin Q & M Children Dentistry Centre in Shenyang in China's Liaoning province. It has also announced the proposed acquisition of two other hospital groups in northeastern China: Donggang City Stomatological Hospital in Liaoning province and Weihai Meichen Hospital in Shandong province.
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