Cordlife    Last:0.124   -

Cordlife gave life a new life s.

Management now blame employee.. who still dare to work in this company. Customers should withdraw their cords asap. The staff there no mood to work.

 

request trading halt at 230pm after share price tank 15%.....what a joke

dont sweat blood here....

 

China insiders took advantage and increased their stake at low cost.   

moonsun      ( Date: 17-Apr-2024 12:10) Posted: Cordlife Group will raise some $8.2 million through the proposed placement of 51.2 million new shares in the company at 16 cents apiece. The number of shares represents about 20% of Cordlife?s total shares. It will represent 16.6% of the enlarged capital. The issue price represents a 4.9% premium to the two-week volume weighted average price of 15.25 cents per share for trades done on the Singapore Exchange (SGX) on April 15. On April 16, Cordlife entered into two separate subscription agreements with Charming Global Enterprises and high net worth individual (HNWI) Darren Ng Junwei. Charming Global Enterprises is owned by Jiao Shuge, who is the co-founder of CDH Investments, a Beijing-based private equity and venture capital firm. Under the agreements, Charming Global Enterprises will subscribe for 44.54 million shares in Cordlife for a total consideration of $7.1 million while Ng will subscribe for 6.7 million shares for $1.1 million. According to Cordlife, the parties expressed their interest in subscribing for new shares in the company in March (Charming Global Enterprises) and April (Ng). Under the agreements, the proposed subscription is conditional upon the receipt of the listing and quotation notice from the SGX. Trading of the shares must not be suspended by the exchange and the shares will have to remain listed on the exchange?s Mainboard. The allotment, issue and subscription of the shares must also not be prohibited by any statute, order, rule, regulation after the date of the subscription agreement. The proposed placement comes as Cordlife remains under investigation after its cord blood units in Singapore were mishandled.

 

Everyday like got police case, suspended got value also hopeless

commando      ( Date: 18-Apr-2024 09:09) Posted: Investors see value in this company? Willing to pump in money? 112233      ( Date: 17-Apr-2024 14:12) Posted: gone case. a supposedly high potential co. now becomes worthless.

 

Investors see value in this company? Willing to pump in money?

112233      ( Date: 17-Apr-2024 14:12) Posted: gone case. a supposedly high potential co. now becomes worthless.  desmondxyz      ( Date: 17-Apr-2024 13:59) Posted: This is very bad move...to dilute the shareholding at such a low price.....the company is desperate liao...

 

blame game started....

moonsun      ( Date: 18-Apr-2024 08:58) Posted: https://www.channelnewsasia.com/singapore/cordlife-probe-directors-police-report-potential-wrongdoing-former-employees-4272671 Now new pattern.. employee sabotage?

 

https://www.channelnewsasia.com/singapore/cordlife-probe-directors-police-report-potential-wrongdoing-former-employees-4272671

Now new pattern.. employee sabotage?

 

not too sure about that. lets see what more they will dig up from the CEO and four directors that are arrested. 

cmengchan      ( Date: 17-Apr-2024 16:01) Posted: I believe Cordlife still has stakes in some overseas operations, which is not affected.  So, probably still has some value even assuming all SG value is wiped out. 112233      ( Date: 17-Apr-2024 14:12) Posted: gone case. a supposedly high potential co. now becomes worthless.

 

I believe Cordlife still has stakes in some overseas operations, which is not affected.  So, probably still has some value even assuming all SG value is wiped out.

112233      ( Date: 17-Apr-2024 14:12) Posted: gone case. a supposedly high potential co. now becomes worthless.  desmondxyz      ( Date: 17-Apr-2024 13:59) Posted: This is very bad move...to dilute the shareholding at such a low price.....the company is desperate liao...

 

gone case. a supposedly high potential co. now becomes worthless. 

desmondxyz      ( Date: 17-Apr-2024 13:59) Posted: This is very bad move...to dilute the shareholding at such a low price.....the company is desperate liao.... moonsun      ( Date: 17-Apr-2024 12:10) Posted: Cordlife Group will raise some $8.2 million through the proposed placement of 51.2 million new shares in the company at 16 cents apiece. The number of shares represents about 20% of Cordlife?s total shares. It will represent 16.6% of the enlarged capital. The issue price represents a 4.9% premium to the two-week volume weighted average price of 15.25 cents per share for trades done on the Singapore Exchange (SGX) on April 15. On April 16, Cordlife entered into two separate subscription agreements with Charming Global Enterprises and high net worth individual (HNWI) Darren Ng Junwei. Charming Global Enterprises is owned by Jiao Shuge, who is the co-founder of CDH Investments, a Beijing-based private equity and venture capital firm. Under the agreements, Charming Global Enterprises will subscribe for 44.54 million shares in Cordlife for a total consideration of $7.1 million while Ng will subscribe for 6.7 million shares for $1.1 million. According to Cordlife, the parties expressed their interest in subscribing for new shares in the company in March (Charming Global Enterprises) and April (Ng). Under the agreements, the proposed subscription is conditional upon the receipt of the listing and quotation notice from the SGX. Trading of the shares must not be suspended by the exchange and the shares will have to remain listed on the exchange?s Mainboard. The allotment, issue and subscription of the shares must also not be prohibited by any statute, order, rule, regulation after the date of the subscription agreement. The proposed placement comes as Cordlife remains under investigation after its cord blood units in Singapore were mishandled.

 

This is very bad move...to dilute the shareholding at such a low price.....the company is desperate liao....

moonsun      ( Date: 17-Apr-2024 12:10) Posted: Cordlife Group will raise some $8.2 million through the proposed placement of 51.2 million new shares in the company at 16 cents apiece. The number of shares represents about 20% of Cordlife?s total shares. It will represent 16.6% of the enlarged capital. The issue price represents a 4.9% premium to the two-week volume weighted average price of 15.25 cents per share for trades done on the Singapore Exchange (SGX) on April 15. On April 16, Cordlife entered into two separate subscription agreements with Charming Global Enterprises and high net worth individual (HNWI) Darren Ng Junwei. Charming Global Enterprises is owned by Jiao Shuge, who is the co-founder of CDH Investments, a Beijing-based private equity and venture capital firm. Under the agreements, Charming Global Enterprises will subscribe for 44.54 million shares in Cordlife for a total consideration of $7.1 million while Ng will subscribe for 6.7 million shares for $1.1 million. According to Cordlife, the parties expressed their interest in subscribing for new shares in the company in March (Charming Global Enterprises) and April (Ng). Under the agreements, the proposed subscription is conditional upon the receipt of the listing and quotation notice from the SGX. Trading of the shares must not be suspended by the exchange and the shares will have to remain listed on the exchange?s Mainboard. The allotment, issue and subscription of the shares must also not be prohibited by any statute, order, rule, regulation after the date of the subscription agreement. The proposed placement comes as Cordlife remains under investigation after its cord blood units in Singapore were mishandled.

 

Cordlife Group will raise some $8.2 million through the proposed placement of 51.2 million new shares in the company at 16 cents apiece. The number of shares represents about 20% of Cordlife?s total shares. It will represent 16.6% of the enlarged capital. The issue price represents a 4.9% premium to the two-week volume weighted average price of 15.25 cents per share for trades done on the Singapore Exchange (SGX) on April 15.

On April 16, Cordlife entered into two separate subscription agreements with Charming Global Enterprises and high net worth individual (HNWI) Darren Ng Junwei. Charming Global Enterprises is owned by Jiao Shuge, who is the co-founder of CDH Investments, a Beijing-based private equity and venture capital firm.

Under the agreements, Charming Global Enterprises will subscribe for 44.54 million shares in Cordlife for a total consideration of $7.1 million while Ng will subscribe for 6.7 million shares for $1.1 million.

According to Cordlife, the parties expressed their interest in subscribing for new shares in the company in March (Charming Global Enterprises) and April (Ng).

Under the agreements, the proposed subscription is conditional upon the receipt of the listing and quotation notice from the SGX. Trading of the shares must not be suspended by the exchange and the shares will have to remain listed on the exchange?s Mainboard. The allotment, issue and subscription of the shares must also not be prohibited by any statute, order, rule, regulation after the date of the subscription agreement.

The proposed placement comes as Cordlife remains under investigation after its cord blood units in Singapore were mishandled.

 

Refund?

Hey bro, if you rent a car and totally destroy it because you were drunk driving you think the compensatiom will be based on rental amount or value of the car?

uiop1223      ( Date: 11-Apr-2024 16:40) Posted: Refund should include compound int of 5.5% pa which is what govt gives for gst wrongly collected.

 

Refund should include compound int of 5.5% pa which is what govt gives for gst wrongly collected.

 

Unlikely any buyer can get approvals or get clarity to takeover given the ongoing situation. Bigger concern is that the business is fundamentally impaired so it might not be worth anything. Its not hard to buy freezers and store cordblood. The only value is in the license (which is now suspended) and the brand and trust with customers (which is now damaged).   

 

Low volume stock. Those who bought at below $0.20 even if got takeover offer, they don't even make much.

If you are holding many lots of this stock at above $0.30. Any takeover offer below $0.30, you will reject.

That means what? Those hoping for high takeover offer, will not be happy if the price is below what they bought. Those who bought at below $0.20 can't make money too.

So no point holding on to this loser. Cut loss and move on.

 

This stock has to value based on discount to NTA. No PE to talk about.

 

Talk many bad news also no use : very little volume traded. ..no body trade so can't sell and BB just keep it wait for good news to come... eg offer privatisation lah...

 

They are likely to go bust even without a lawsuit... don' t think the business is viable any longer. Their license is currently suspended so they can' t even operate, and even if the license is restore, the damage to the brand is likely irreparable...

desmondxyz      ( Date: 09-Apr-2024 09:40) Posted: what' s the chance of company to go bust if the customers launch a class suit against the company?

 

Next penny stock

dataminer      ( Date: 09-Apr-2024 11:26) Posted: The risk for buying cordlife today is the potential lawsuit by MOH and Sgx. Also, its own financials is going to take a big hit. How many new mothers are going to do biz with cordlife after this? Zero.  Cordlife is surviving on life support. If you have cordlife shares, better cut loss. If you want to hold thinking about potential offer, think again. Any offer will be after EGM and after everything stablises.  Don' t think about buying more shares to average down. As the saying goes, don' t throw good money after bad