The Business Times
business-time-50
HOCK LOCK SIEW

Cordlife’s business reset may give minority shareholders the best chance to bail out fast

There is much uncertainty for the company’s minority shareholders amid substantial shareholder dispute, possible lawsuits

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

Megan Cheah

Published Thu, Sep 19, 2024 · 05:00 AM — Updated Thu, Sep 19, 2024 · 12:22 PM
    • Cordlife Group has been receiving sign-ups from new customers since it was allowed to resume collecting new cord blood in a "controlled manner".
    • Cordlife Group has been receiving sign-ups from new customers since it was allowed to resume collecting new cord blood in a "controlled manner". PHOTO: KEZIA LEVIANNE KOO, BT

    CORDLIFE Group has been granted a reprieve, following the Ministry of Health’s (MOH) notice on Aug 29 that it could resume some cord-blood banking services in a “controlled manner” from Sep 15.

    Although this signals that things could be getting back on track, some upcoming personnel departures show that the company is not quite out of the woods yet – and investors may need to look for an exit, fast.

    The counter has been in dire straits since Cordlife’s Singapore operations were suspended for six months from collecting, processing, testing or storing new cord-blood units in December last year.

    Hock Lock Siewcordlife

    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

    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

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The exterior (left) and interior (right) views of Waterwall House, featuring glass interfaces, open voids, split levels and raw concrete walls.

    Rare brutalist Singapore house opens to the public before changing hands

    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