SUBSCRIBERS
HK tycoon picks up 21.5% stake in Cordlife
Add BT as a preferred source
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.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The returnees: Inside China’s AI talent reversal
