Aoxin Q & M Dental Group Limited announced on Mar, 27 2026 that it has entered into a non-binding memorandum of understanding to acquire a dental and medical services group operating nearly 30 clinics in central China.

The proposed transaction values the target at RMB150 million (about 29 million Singapore dollars), with half of the consideration to be paid in cash and the remainder through newly issued shares subject to a 15-year moratorium.

Terms of the deal include a five-year, RMB71 million profit guarantee secured by a RMB7.5 million escrow deposit and a pledge of all consideration shares. Key executives of the Chinese Dental Group are expected to sign service agreements of at least 15 years.

Aoxin Q & M said the move supports its long-term strategy to expand in China as the designated platform for parent company Q & M Dental Group (Singapore) Limited’s operations and future acquisitions in the market. The parties intend to sign definitive agreements after completing due diligence, and the company cautioned that there is no certainty the acquisition will be completed.