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Jialat liao....stock should be halted or esle sure plunge.
Expect many many lawsuits.....
Expect many many lawsuits.....
This is material information .. how can no disclose?
Sgx zzzz again ? Never question?
Sgx zzzz again ? Never question?
Agreed. The reputation damage is immense too. Will lose trust from customers.
For a listed company, this info is not announced in SGX, but appeared in the news. Looks like when MOH investigation and surprise audit happened, they probably think that its a non-event since no indication of any announcement to shareholders.
For a listed company, this info is not announced in SGX, but appeared in the news. Looks like when MOH investigation and surprise audit happened, they probably think that its a non-event since no indication of any announcement to shareholders.
Sgvale ( Date: 30-Nov-2023 20:48) Posted:
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A huge blow!!! As good as almost to close shop
cmengchan ( Date: 30-Nov-2023 20:37) Posted:
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The company has been ordered to stop collecting, testing, processing and/or storing any new cord blood and human tissues for a period of up to six months. It is also not allowed to provide any new types of tests to patients.
cmengchan ( Date: 30-Nov-2023 20:25) Posted:
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Cordlife Group found to have damaged cord blood units of at least 2,150 customers
https://www.straitstimes.com/singapore/cordlife-group-found-to-have-damaged-cord-blood-units-of-at-least-2150-customers
https://www.straitstimes.com/singapore/cordlife-group-found-to-have-damaged-cord-blood-units-of-at-least-2150-customers
Thank you for bringing this to our attention. Personally I think it does not display an up to date detailed understanding of the business, but readers can judge for themselves.
I wish to offer a different perspective. My understanding is that in the past few years in Hong Kong Cordlife has consolidated the market such that it is the no.1 (by far) player there. The HK market is particularly important because dominating HK is key to getting a lof of mainland China business, which in potential scale terms is a different league to HK/Singapore. Unfortunately for Cordlife, it won the HK market just before Covid struck, at which point the borders between HK and mainland China largely closed down. Some desperate mainlanders who were willing to go through the very onerous border process to avail themselves of Cordlife' s services in HK did so, but the numbers were minimal compared to what they would have been had the borders been open. Now that the borders have fully opened up again since early this year, mainlanders are gradually making their way back in greater numbers and hence Cordlife' s business in HK will ramp up accordingly.
Again people should do their own due diligence on these issues.
I wish to offer a different perspective. My understanding is that in the past few years in Hong Kong Cordlife has consolidated the market such that it is the no.1 (by far) player there. The HK market is particularly important because dominating HK is key to getting a lof of mainland China business, which in potential scale terms is a different league to HK/Singapore. Unfortunately for Cordlife, it won the HK market just before Covid struck, at which point the borders between HK and mainland China largely closed down. Some desperate mainlanders who were willing to go through the very onerous border process to avail themselves of Cordlife' s services in HK did so, but the numbers were minimal compared to what they would have been had the borders been open. Now that the borders have fully opened up again since early this year, mainlanders are gradually making their way back in greater numbers and hence Cordlife' s business in HK will ramp up accordingly.
Again people should do their own due diligence on these issues.
Saw an article on talking about the reasons of the low growth in this company.
https://www.tubinvesting.com/2023/11/cordlife-groups-prospects-hindered-by.html
https://www.tubinvesting.com/2023/11/cordlife-groups-prospects-hindered-by.html
Share price performance has continued to be strong.
However CEO resignation with no replacement so soon after a failed takeover may suggest (at least based on publicly available information) there are no plans for a renewed attempt any time soon. Not sure what to make of it all.
However CEO resignation with no replacement so soon after a failed takeover may suggest (at least based on publicly available information) there are no plans for a renewed attempt any time soon. Not sure what to make of it all.
It' s interesting that the price has not fallen back to the undisturbed price immediately prior to the existence of negotiations being announced.
Perhaps the market recognises the possibility of a transaction in the future despite the annoucement that the recent discussions have ceased.
Perhaps the market recognises the possibility of a transaction in the future despite the annoucement that the recent discussions have ceased.
Possible deal for Cordlife shares is off
CORDLIFE Group : P8A +2.41%has updated that a possible transaction announced earlier in relation to its shares is not on the table anymore.
The mainboard-listed cord blood banking company, in a bourse filing on Wednesday (Sep 13), said it had been notified that the confidential discussions between Cradle Investments and the third party in relation to a possible transaction has ceased.
Shares of Cordlife hit a three-year high of S$0.495 amid heavy trading on Jun 26 after the company said it was aware of a possible transaction for an offer for its shares.
Cordlife received a written notice dated Jun 21 about confidential discussions between Cradle Investments and a third party over a possible transaction for Cordlife&rsquo s shares.
The counter was up 2.4 per cent to S$0.425 at market close on Wednesday, before this update was made.
I was wrong on this one - on balance I expected a deal to happen.
Game over, back to 30c
Not much competition in Asia for the cord storage services it offers so at least it has some strategic value on this basis.
Likely to announce some disappointing news such as the deal will not go on. Better run before losing your pants
melting further ....
Doesnt look good. Might gap down anytime to 38 then 32
Well the price action today was based on very small volumes... May just be a temporary reaction to the discussions taking long
Price melting, seems like the deal is not gong through
Back to 35 and below
anyway thanks for the tiny excitement and hope
Back to 35 and below
anyway thanks for the tiny excitement and hope
one month already.