Aoxin Q & M Dental (SGX:1D4) signed a non-binding memorandum of understanding to acquire a dental group in China for 150 million yuan, according to a Friday filing with the Singapore Exchange.
The dental group operates 80 clinics and is also involved in medical device technology development and wholesale and retail of medical devices.
The proposed acquisition will also include a profit guarantee of around 71 million yuan for a period of five years.
The proposed acquisition is part of the company's strategy to expand its footprint in China and drive long-term value.
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