The Business Times
business-time-50

Hot stock: Cordlife Group drops 32% after it is found to have damaged cord blood units of customers

google-preferred-sourceAdd BT as a preferred source
Megan Cheah
Mia Pei

Megan Cheah &

Mia Pei

Published Fri, Dec 1, 2023 · 10:35 AM
    • Cordlife Group, one of five private cord-blood banks in Asia, has been barred from collecting, testing, processing and storing new cord-blood or tissue samples for six months.
    • Cordlife Group, one of five private cord-blood banks in Asia, has been barred from collecting, testing, processing and storing new cord-blood or tissue samples for six months. PHOTO: CORDLIFE GROUP

    CORDLIFE Group dropped as much as 42.9 per cent in early trading to near its lowest level since its listing in 2012.

    At 9.19 am on Friday (Dec 1), the counter had plummeted to S$0.26 with 163,300 shares changing hands. The last time the counter closed at this level was in March this year.

    Friday’s tumble in the stock followed the news the day before that the Ministry of Health issued a six-month suspension notice to the consumer-healthcare company, after finding that seven of the company’s 22 cord-blood storage tanks were kept at temperatures above acceptable limits.

    Hot Stockcordlife

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Those whose employers actively discourage the use of AI at work have the lowest mental health score.

    Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More