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Cordlife shares sink 17%, faces potential one-year suspension
October 03, 2025
|The Straits Times
Shares of Cordlife Group tumbled when they resumed trading on Oct 2, a day after the cord blood bank announced that it had received a notice from the Ministry of Health (MOH) stating its intention to suspend the company’s cord blood banking licence for one year.
In a filing late on Oct 1, Cordlife said it is seeking advice but warned that if the suspension proceeds, its ability to continue as a going concern may be at risk. It cited ongoing operating expenses, potential refunds, customer payment uncertainty, and possible fines or legal claims.
Cordlife shares closed down 17.2 per cent, or 3.7 cents, at 17.8 cents on Oct 2, after falling as much as 18.1 per cent.
The latest suspension comes as a result of multiple regulatory non-compliances uncovered during MOH inspections in July.
هذه القصة من طبعة October 03, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Straits Times
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