AOXIN Q&M DENTAL GROUP IPO is the latest IPO for investors here as it was announced that the group would be launching an IPO yesterday. AOXIN Q&M is a dental business in China and evident from its name, it is a business which was spun off from listed entity Q&M. AOXIN Q&M Dental is offering 57 million placement shares at $0.20 per share and I understand that these are available for application to both retail and institutional investors who apply through their brokers or financial institutions.
AOXIN Q&M is seeking a listing here on Singapore Catalist and about $6.4 million of the funds raised from the listing would be used for business expansion while the remaining $2.7 million will be used to enhance infrastructure and for working capital purpose.
AOXIN Q&M follows the steps of many listed companies spinning off their subsidaries as separate listed companies. Examples …Read the full article →