Two Cordlife shareholders seeking board seats
Long-time stakeholders Bonvests and Tai Tak Estates plan to call for shareholder meeting following the sudden resignation of CEO Jeremy Yee
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Anita Gabriel
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Singapore
DISPLEASED by the sudden departure of Cordlife Group's chief executive last month, two key long-time shareholders of the cord-blood banking firm plan to call for a shareholder meeting to secure board seats in the firm.
The Business Times understands that the shareholders - Bonvests Holdings Ltd and Tai Tak Estates Sdn Bhd - who collectively own 22.5 per cent of Cordlife and have been invested in the firm since its listing on the Singapore Exchange in 2012 - have hired legal firm Rajah & Tann to assist in calling for a shareholder meeting.
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