Cordlife shareholders vote to remove 3 directors, including co-founder Ho Choon Hou, from board
Three other directors proposed by substantial shareholder Nanjing Xinjiekou Department Store are elected to the board
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SHAREHOLDERS of embattled private cord-blood bank Cordlife Group voted to remove several directors from its board at the company’s annual general meeting (AGM) on Tuesday (May 14).
Around 60 per cent of present shareholders voted in favour of resolutions to remove acting chairman Dr Ho Choon Hou and independent director Yeo Hwee Tiong.
Shareholders also voted against the re-election of another independent director, Titus Cheong. He will retire at the end of the AGM.
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