News analysis

Shareholder unhappiness brewing at Cordlife

The investor disquiet revolves around some members of the Cordlife board. ST PHOTO: AZMI ATHNI
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SINGAPORE – Shareholder unhappiness is simmering on various fronts as listed Cordlife battles to get a handle on the turmoil that has engulfed the cord blood bank in recent months.

The investor disquiet revolves around some members of the board. Resolutions to vote out four directors, including acting chairman Ho Choon Hou, and appoint three new faces have been tabled for the annual general meeting (AGM) on May 14.

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