Published:
Q&M Dental Group's MOU to buy stake in Chinese dental lab business lapses
The proposed acquisition failed to materialize by Sept 30.
Q&M Dental Group’s binding memorandum of understanding (MOU) to buy an equity interest of 47.14% in Shenzhen New Perfect Dental Research Co, has lapsed.
Recall that on June 6, the company announced that it has entered into a binding MOU with Mr. Peng Hui Chang, Mr. Peng Jian Chang, Mr. Guo Yu Chun and Shenzhen New Perfect Industry Co., Ltd. The proposed acquisition, however, had not been completed by Sept 30, 2016, as expected in the MOU.
The company remains in negotiations over the proposed acquisition, Q&M said.
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