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Cordlife CEO's sudden exit rattles market

Shares dive up to 9.8 per cent day after company announced Jeremy Yee's departure

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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

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