News Formal

Cordlife directors file court application against company to cancel private placement

  • 📰 STForeignDesk
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Pending a hearing on the application, an interim injunction was granted by the High Court on April 19.

SINGAPORE – A group of Cordlife directors has filed an injunction application before the High Court of Singapore to restrain the company from issuing new shares.

The claimants comprise controlling shareholder Nanjing Xinjiekou Department Store and non-independent non-executive directors Zhai Lingyun and Chen Xiaoling. The troubled cord blood bank announced on April 17 a proposal to raise $8.2 million by issuing some 51.2 million new ordinary shares at 16 cents apiece.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cordlife Group Limited approves potential acquisition by NJXJKpstrongNJXJK is currently reviewing its stake at Cordlife Group with SAC Capital./strong/p pCordlife Group Limited confirmed the receipt and validation of a First Requisition Notice from NJXJK.
Source: SBRMagazine - 🏆 13. / 51 Read more »