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Impact of Cordlife's extended suspension closely monitored: Nanjing Xinjiekou
The Straits Times
|June 26, 2024
Private cord blood bank Cordlife Group has received a fifth letter from SAC Capital on behalf of Nanjing Xinjiekou on the substantial shareholder’s offer to buy over Cordlife’s remaining shares.
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SAC stated on June 25 that developments relating to the company have been and will continue to be closely monitored, particularly in view of the Ministry of Health’s (MOH) latest directive to extend Cordlife’s suspension by up to three months from June 15.
SAC said it “has been and will continue to closely monitor and assess developments” relating to the extended suspension.
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