Cordlife Group

Company in the news

Group director of Cordlife resigns to ‘pursue her personal interests’

Tan’s resignation has been approved by the company’s board of directors.

Company in the news

CAD arrests Cordlife’s director in connection with potential breaches of disclosure obligations

Cordlife's board is in the process of identifying additional independent directors to strengthen its capabilities.

Results

Cordlife posts net loss of $11.57 mil for 1QFY2024 due to refund fulfilment

Excluding the financial impact of the refunds, the company’s net loss for 1QFY2024 stood at $1.9 million.

Company in the news

Parental fury after Cordlife ruins thousands of samples in Singapore

The company has “little regard and no remorse for losing something so precious,” said one parent, who was offered about $5,000.

Company in the news

Cordlife receives interim injunction against latest private placement

In its statement dated April 22, Cordlife says that is currently seeking legal advice.

Company in the news

Cordlife files police report against group of 'mostly former' employees over storage tank incident

Cordlife has uncovered 'preliminary evidence of potential wrongdoings'

Company in the news

Cordlife Group to raise $8.2 mil via proposed placement

Cordlife has signed two separate subscription agreements to place 51.2 million new shares in the company at 16 cents apiece.

Company in the news

CAD arrests Cordlife's directors following botched storage tank debacle

Two of the directors want those who have been arrested to quit the board
Cordlife appoints former TransGlobal executive director group CEO - THE EDGE SINGAPORE

New appointments

Cordlife appoints former TransGlobal executive director new group CEO

Yiu Pang Fai will take over from Tan Poh Lan as group CEO with effect from Feb 19.

Broker's Calls

Cordlife’s organic revenue unlikely to return to pre-Covid levels in next two years: SAC Capital

Lower births and a cut back in discretionary spending are likely factors to be a drag on Cordlife’s organic revenue.
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