Q&M Dental: Co has entered into a non-binding MOU with China co Beijing Le Le Jia (LLJ) to acquire 49% of LLJ for Rmb25.0m (approx $4.77m). Co will undertake a valuation and audit of LLJ after signing the MOU. The consideration of $2.86m will be paid initially with the remainder being paid over a period of 5 yrs subject to profit targets…
LLJ is in the business of processing, manufacturing and research of dental devices. Q&M is trading at a heady 55.4x current P/E but has been expanding into China, Msian and within Sg recently.
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