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Nexia TS Successfully Supported Aoxin Q & M Dental Group Limited in its Listing on SGX Catalist Board

May 2017

 

Singapore, 4 May 2017 – Nexia TS is pleased to announce that it has successfully supported Aoxin Q & M Dental Group Limited in its listing on SGX Catalist Board on 26 April 2017, placing out 57,000,000 placement shares at the issue price of $0.20 per share. Aoxin Q & M Dental Group Limited is a spin-off of Mainboard-listed dental group Q & M Dental Group (Singapore) Limited’s dental services, dental equipment and supplies distribution in the Northern People’s Republic of China (PRC) region.

 

 

Nexia TS was appointed as the advisory firm supporting the IPO listing through its pre-IPO internal control review.

 

As one of the leading providers of private dental services, 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.

 

 

“We would like to express our sincerest appreciation to the Nexia TS team for their professionalism and dedication. In particular, we express our thanks to the team for their responsiveness and experience in guiding us to achieve the successful spin-off listing of our China healthcare business.”

Andrew Young, Senior Legal Counsel, Q & M Dental Group (Singapore) Limited  

 

“Congratulations to Aoxin Q & M Dental Group Limited for its successful listing on SGX. We wish Aoxin Q & M Dental Group Limited the best in its ventures in the Chinese market. At the same time, we would like to take this opportunity to thank them for engaging Nexia TS to journey with them in its listing.”

Henry Tan, Managing Director, Nexia TS

 

About Q & M Dental Group (Singapore) Limited:

Q & M Dental Group was first established in November 1996 in Singapore. To date, we have firmly established our brand name in Singapore, and built a reputation as an established and reliable dental healthcare services provider with multi-disciplinary expertise. From a single clinic with one dentist at Bukit Batok back in 1996, we now have more than 60 clinics strategically located island-wide. Our clinics are highly accessible as they are conveniently located near amenities like bus interchanges and MRT stations.

 

In addition, we have a pool of more than 200 experienced dentists who are well supported by a team of approximately 380 clinical and administrative staff. As the largest private dental healthcare group in Singapore, we currently serve more than 600,000 patients island-wide, providing a comprehensive range of primary care dental services, as well as specialist services which are handled by our dedicated team of dental surgeons with post-graduate training. Patients can choose to pay via Medisave for selected procedures.

For more information, please visit www.qandm.com.sg.

 

About Nexia TS:

Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.

 

To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals. As testimony to this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants.

 

Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia China is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for our clientele with operations and new foreign investments in the respective countries. Nexia International is an international network of accounting and consulting firms with origins going back to 1971, making Nexia International one of the longest established networks. Currently, with more than 24,000 professional staff serving our clients at over 570 offices in 120 countries, it is ranked as the top 10 largest international accounting and consulting network.

 

For more details, please visit www.nexiats.com.sg.

 

Media Contacts:

Grace Lui
Head of Marketing Communications
+65 6597 7297
gracelui@nexiats.com.sg

Daniel Chen
Marketing Communications Manager
+65 6534 5700 (ext. 861)
danielchen@nexiats.com.sg