Singapore dental servie provider aims to list China business in 5 yrs

13:08, May 30, 2011      

Email | Print | Subscribe | Comments | Forum 

Singapore-based service provider Q&M Dental Group has set a five-year target to list its China business, once the joint ventures that it holds there achieve a combined profit of 80 million to 90 million yuan (12.3 million to 13.9 million U.S. dollars), local daily Business Times reported on Monday.

To fund its expansion plans in China, the group is undertaking a secondary listing in China's Taiwan to raise up to 50 million U. S. dollars.

"We want to do another IPO (initial public offering) based on our China businesses. We are contemplating to list either in Hong Kong or (in) China's mainland," said Ng Chin Siau, chief executive officer of the group.

The group is expanding in China through joint ventures to avoid the lengthy process obtaining dental licenses and setting up clinics from scratch. It has put in place a Singapore team in Shanghai to handle regulatory and accounting issues, and to ensure that management contracts and with joint venture partners are adhered to.

Q&M is competing in the niche segment of dental services in China, where only ten percent of the market is served by private clinics, of which only 5 percent are considered to be high-end.

"We are competing on quality, not on fees. It's about doing less with more," Ng said.

Q&M is maintaining its target of having 50 dental clinics and 20 research laboratories in China by 2015. It owns a 30 percent stake in Ayashi dental group, which operates three dental clinics in Beijing, and a 50 percent stake in Dan De dental group, which operates four dental clinics, one dental center and a mobile clinic in Nanjing. It is in the process of forming joint ventures with two dental laboratories.

Q&M now operates two dental clinics in Johor, Malaysia and 41 in Singapore.

Source: Xinhua
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
The Third China-U.S.Strategic and Economic Dialogue
  Weekly review  
May 27   Kim calls for close ties through generations
May 23   China intends to enhance friendship with Japan
May 23   Expert: Ecological problems not all due to Three Gorges Dam
May 24   Top military official's visit promotes China-US military ties
May 28   The week in pictures
May 25   'China fever' sweeps US tourism industry
May 26   US should not monopolize cyber affairs
May 26   Salty tide hits Shanghai as drought lingers
May 25   A new chapter for China-South Africa cooperation
May 27   Military trusted most of all Chinese institutions


  • Do you have anything to say?


Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • Schiavone of Italy beats Jankovic of Serbia 2-1 at French Open
  • Kuznetsova beats Hantuchova 2-1 at French Open
  • Greeks stage massive protests against austerity measures
  • China claims champion of 2011 Sudirman Cup
  • Chinese top legislator meets with Speaker of Maldive parliament
  • Beijing-Shanghai high-speed train drops VIP section
Hot Forum Dicussion