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Q&M sells Shanghai dental practice for $310,000

Published on May 5, 2014 4:14 PM

SINGAPORE - Dental healthcare group Q&M Dental has sold an indirectly wholly owned dental practice in China.

It disposed of dental practice Shanghai Meiya Mingxing Dental Polyclinic at a price of 1.55 million yuan (S$310,000) to the buyer, identified only as Ms Wang Xiu Zhen.

Q&M bought Shanghai Meiya in 2012 for 1.35 million yuan.

It said in a statement to the Singapore Exchange on Monday that its current focus is on the acquisition of dental groups which are covered by the China State Medical Insurance.

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