You are here

Cordlife CEO's sudden exit rattles market

Shares dive up to 9.8 per cent day after company announced Jeremy Yee's departure
Wednesday, March 23, 2016 - 05:50

BT_20160323_AGCORD23_2180788.jpg
Cordlife said Mr Yee resigned "to pursue other interests". Investors fear his resignation would impact the company's growth.

Singapore

THE sudden resignation of Jeremy Yee as boss of Cordlife Group, a cord blood banking firm he firmly led and where he ran a tight ship for close to five years, left corporate watchers gobsmacked and the stock limp with uncertainty on Tuesday.

Cordlife shares fell as much

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom