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Screenshot of a breaking news alert e-mail from Q2 2017
Singapore Exchange (SGX) today welcomed Aoxin Q & M Dental Group Limited to Catalist under the stock code “1D4”.
Aoxin Q & M Dental Group Limited is a spin-off of Mainboard-listed dental group Q & M Dental Group (Singapore) Limited’s dental services and dental equipment and supplies distribution businesses in the Northern People’s Republic of China (PRC) region.
As one of the leading providers of private dental services and dental equipment and supplies in the Northern PRC’s Liaoning Province, Aoxin Q & M Dental Group operates and manages 11 dental centres, comprising four dental hospitals and seven polyclinics, across four Liaoning cities. Its dental equipment and supplies distribution network covers the Liaoning, Heilongjiang and Jilin Provinces in the Northern PRC.
Dr. Shao Yongxin, Executive Director and Group Chief Executive Officer of Aoxin Q & M Dental Group Limited said:
This listing marks an important milestone for Aoxin Q & M and we believe it will further enhance the Group’s abilities to take advantage of the opportunities that emerge in the fast-growing private dental industry in the PRC. As the first SGX-listed private dental group from the PRC, we believe that this will enhance our public image locally and internationally.
With our continued progress as one of the leading private dental groups in Northern PRC, we are committed to create long-term value to our stakeholders by providing superior dental services to our customers as well as enhancing our capabilities in the distribution of dental equipment and supplies,” he added.
Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, commented:
We are delighted to welcome the listing of Aoxin Q & M Dental Group, an overseas business spin-off of Mainboard-listed Q & M Dental that has grown to become a household dental brand in Singapore over the past two decades. Aoxin Q & M Dental Group’s listing provides investors an opportunity to invest in China’s growing demand for dental products and services, and we look forward to supporting the company as it continues to deepen its presence in the Chinese market.
With a market capitalisation of more than $70 million, the listing of Aoxin Q & M Dental Group Limited brings the total number of companies listed on Catalist to 192, with a combined market capitalisation of more than $12 billion. The total number of healthcare entities listed on SGX is now 34, with combined market capitalisation of close to $48 billion.
Aoxin Q & M Dental Group Limited opened at $0.23 today.