Possible deal for Cordlife shares is off
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Tay Peck Gek
CORDLIFE Group has updated that a possible transaction announced earlier in relation to its shares is not on the table anymore.
The mainboard-listed cord blood banking company, in a bourse filing on Wednesday (Sep 13), said it had been notified that the confidential discussions between Cradle Investments and the third party in relation to a possible transaction has ceased.
Shares of Cordlife hit a three-year high of S$0.495 amid heavy trading on Jun 26 after the company said it was aware of a possible transaction for an offer for its shares.
Cordlife received a written notice dated Jun 21 about confidential discussions between Cradle Investments and a third party over a possible transaction for Cordlife’s shares.
The counter was up 2.4 per cent to S$0.425 at market close on Wednesday, before this update was made.
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