Cordlife Group (SG:P8A) has released an update.
Cordlife Group Limited is currently navigating legal challenges as the High Court granted an interim injunction against the company’s proposed private placement, following a claim by their controlling shareholder and two non-independent directors. The company has responded by filing an application to set aside this injunction, with a court hearing scheduled for May 10, 2024. Shareholders and potential investors are advised to tread carefully and seek professional advice regarding their investment decisions in light of these developments.
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