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HK tycoon picks up 21.5% stake in Cordlife

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Annabeth Leow

Annabeth Leow

Published Fri, Nov 16, 2018 · 09:50 PM

Singapore

CORDLIFE Group's biggest shareholder, China Construction Bank Corp, has sold most of its deemed interest to a Chinese tycoon, according to two regulatory filings on Friday.

Hon Kwok Lung and his wife, Lam Suk Ying, acquired a 21.5 per cent stake in the mainboard-listed cord blood banker on Wednesday through two investment vehicles, for nearly S$24.6 million. They did not own Cordlife shares previously.

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