Nanjing Xinjiekou continues share offer amidst Cordlife suspension

The MOH has extended Cordlife’s suspension by three months.

Cordlife has received a fifth letter from SAC Capital on behalf of Nanjing Xinjiekou (NJXJK) on the substantial shareholder's proposal to acquire Cordlife's remaining shares.

SAC stated that it will continue to closely monitor developments related to the company, especially the Ministry of Health's (MOH) decision to extend Cordlife's suspension by three months.

The developments include the potential financial impact of the extended suspension of Cordlife’s operations and its progress in receiving MOH’s approval to resume operations as soon as possible.

As of the fifth Letter received on 24 June, NJXJK is still considering making the potential offer, whilst SAC is furthering the discussions with NJXJK on the potential offer’s terms.

Follow the link for more news on

Cordlife Group

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia