Aoxin Q & M Dental Group (SGX:1D4) is targeting to raise over SG$15.3 million through a renounceable non-underwritten rights issue of up to 511.5 million shares, according to a Monday filing with the Singapore Exchange.
Shares of the company were up nearly 8% in Tuesday trading.
Proceeds raised from the subscription will help the company enhance its financial resources to support growth initiatives and expansion of its dental business in China.
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