Chinese shareholder halts plan to fully acquire Cordlife as uncertainties persist

Jewel Stolarchuk
Tue, 27 Aug 2024 10:46:28 +0000
SGX, Cordlife

SINGAPORE: Nanjing Xinjiekou, a key shareholder in Cordlife Group Limited, has officially withdrawn its intention to acquire the remaining shares of the cord-blood banking company. The decision was disclosed in a recent filing with the Singapore Exchange, marking the seventh formal communication between Nanjing Xinjiekou and Cordlife on the matter. The withdrawal was attributed to …