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Bonvests, Tai Tak bow out as Cordlife's substantial shareholders

Stake sales will see emergence of Chinese retail giant Nanjing Xinjiekou as major shareholder

Anita Gabriel

Anita Gabriel

Published Fri, Jul 1, 2016 · 09:50 PM
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Singapore

THE "play" by Cordlife Group's two longtime substantial shareholders - less than three months after they demanded board seats in the cord-blood banking firm (they got their way shortly after) - has taken an unexpected yet possibly promising turn.

Singapore-listed Bonvests Holdings and Tai Tak Estates Sdn Bhd are selling their 20 per cent interest (each is selli…

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