Q&M Dental subsidiary Aoxin launches rights issue
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Q&M Dental Group's subsidiary, Aoxin Q&M Dental Group, is launching a renounceable non-underwritten rights issue of up to 511,522,048 new shares at $0.030 each, potentially raising $15.35 million. Q&M Dental will fully support the exercise, subscribing for its entitlement of 269,323,546 shares for $8.08 million and applying for additional shares for $7.27 million. The rights issue aims to enhance Aoxin's working capital and financial position for expansion in China, pending regulatory approvals.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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