Aoxin Q & M Dental Targeting to Raise SG$15 Million Through Rights Issue; Shares Up 3%

MT Newswires

2025/11/20

Aoxin Q & M Dental (SGX:1D4) is proposing to undertake a rights issue for up to 511.5 million shares at an issue price of SG$0.03 per share to raise net proceeds of around SG$15 million, according to a Thursday filing with the Singapore Exchange.

The renounceable non-underwritten rights issue will be on the basis of one rights share for every one existing share in the capital of the company.

The rights issue has been proposed to improve the company's financial position and its capital base. Net proceeds will be used to support growth initiatives, including the expansion of its dental business in China.

Shares of the company were up nearly 3% in Thursday trading.

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