This brings the total stake under Quan Min Holdings from 56.7% to 57.02%, which translates to just slightly above 540 million shares.
Under Ng, Q&M Dental is on an acquisition binge, pursuing three concurrent acquisitions in home ground Singapore, as well as Thailand and Australia.
On the same day, Q&M Dental acquired 1.2 million shares in Aoxin for $221,400, which translates to an average price of 18.45 cents apiece.
This latest open market purchase increases Q&M Dental’s stake in Aoxin from 53.61% to 53.73%.
See also: DBS’s Tan Su Shan sells 100,000 shares via open market
Aoxin recently announced plans to acquire a China-based dental group for RMB150 million.
Shares of Q&M Dental closed at 56 cents on April 6, up 2.75% for the day and up nearly 90% in the past year.
Aoxin, meanwhile, closed at 18.5 cents, down 0.54% for the day but up 516% in the past year.
