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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

Megan Cheah

Megan Cheah

Published Tue, May 14, 2024 · 11:44 AM
    • MOH’s expert panel has found that around 7,500 cryopreserved cord-blood units stored by Cordlife have been compromised.
    • MOH’s expert panel has found that around 7,500 cryopreserved cord-blood units stored by Cordlife have been compromised. PHOTO: BT FILE

    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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