SINGAPORE (July 16): An arbitral award has been made in favour of Q&M Dental Group’s wholly owned subsidiary, Q&M Dental Group (Malaysia) Sdn Bhd.
Q&M’s Malaysia unit had commenced arbitration proceedings with the Singapore International Arbitration Centre against Tye Chee Wah, Chong Vooi Seong and Chan Sing Cheong, the remaining 30% shareholders of AR Dental Supplies, and Pride Access Sdn Bhd.
The arbitration proceedings were launched in connection with the sale and purchase agreement that was entered into between Q&M’s Malaysia unit, and Tye, Chong and Chan for the acquisition of a 70% stake in AR Dental...(click here for the full story on theedgesingapore.com).