Q&M Dental will acquire an Australian dental group for 137 million yuan | Lianhe Zaobao
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Q&M Dental Group announced plans to acquire an unnamed dental group in Australia for AUD 144.5 million, a transaction that will help the company expand its business in the Asia-Pacific region. The deal includes AUD 30 million in new capital, AUD 59.5 million in cash payment, and the remaining amount paid in new shares at AUD 0.70 per share. The new shares will have a 15-year lock-up period, and the dentists accepting the shares must sign a 15-year service agreement. The target company operates over 40 clinics in Australia, has approximately 120 dentists, and guarantees a profit of AUD 107.5 million within seven years
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