The Business Times
business-time-50

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.

    cordlifeSpotlight

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    CDL plans to divest S$6 billion of assets and invest S$5 billion over FY2027 to FY2029.

    Brokers maintain ‘buy’ on CDL despite investor reservations over strategic review

    Ang’s San Miguel holds nearly 25% of Luzon’s installed capacity and Lopez’s First Gen accounts for 12%.

    Deal between tycoon friends sparks scrutiny of Philippine power sector

    Tuas Road Viaduct’s phase two will extend the viaduct at its western and eastern ends, and will link Pioneer Road, Tuas South and Tuas Port.

    Hwa Seng Builder, two China companies win S$1.2 billion Tuas Road Viaduct phase two contracts

    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