cordlife

Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units

Alternatively, the claimants are seeking a refund of all storage fees paid to date, or an order for the assessment of damages

Zhai Lingyun, executive chairman of Cordlife, says he wants to focus on other business and personal commitments.

Cordlife’s executive chairman steps down

[SINGAPORE] Cordlife announced that its executive chairman Zhai Lingyun has stepped down in a bourse filing on Thursday (Oct 30).

Cordlife says it has submitted its response to the  notice from the Ministry of Health within the 14 days extension granted.

Cordlife submits information to MOH by extended deadline it was given

[SINGAPORE] Embattled cord blood bank Cordlife announced on Monday (Oct 27) that it had submitted on the same day the necessary written representations to the Ministry of Health (MOH) in response to t...

The private cord blood bank was given 14 days from the date of the notice, or until Oct 13, to submit the representations.

Cordlife gets extended deadline to submit representations for potential one-year suspension

MOH has pushed back its deadline for submitting representations to Oct 27, from Oct 13

The company said on Oct 1 that it was weighing its ability to continue as a going concern after the Ministry of Health on Sep 29 issued Cordlife a notice of intent for a one-year suspension of its cord-blood banking services.

Cordlife says operations for next 12 months will continue if suspension takes effect

It is able to continue as a going concern until Sep 30, 2026, but the future beyond that is not certain, says board

As at 9.39 am, Cordlife shares are trading 18.1% or S$0.039 lower at S$0.176.
HOT STOCK

Cordlife tumbles 18% following notice of potential one-year suspension

The group says it is assessing the risks and uncertainties which could affect its ability to continue as a going concern

The Ministry of Health issued Cordlife a notice of intent for a one-year suspension of its cord-blood banking services, after an audit in July uncovered lapses in its operations.  The company has 14 days to submit representations.

Cordlife weighs ability to continue as a going concern as potential one-year suspension looms

If the halt takes effect, the cord-blood bank will continue to incur fixed fees and other operating expenses while business activities cease

MOH has directed Cordlife to review all laboratory records of new cord-blood units collected since the resumption of its cord-blood banking services in January 2025.

Cordlife Group faces one-year suspension over cord-blood banking service lapses

This is the latest setback for the company following its mishandling of cord-blood units in 2023