Cordlife receives interim injunction against latest private placement

Felicia Tan04-22

In its statement dated April 22, Cordlife says that is currently seeking legal advice.Nanjing Xinjiekou Department Store Co., Ltd., along with Cordlife’s non-independent non-executive directors Zhai ...

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Cordlife’s acting chairman and non-independent non-executive director, Dr Ho Choon Hou; independent directors Yeo Hwee Tiong, Cheong Tuck Yan Titus Jim; non-independent non-executive directors Yiu Ming Yiu and Chow Wai Leong; as well as group CEO Ivan Yiu Pang Fai were named in the court application.\nThe suit invoked several sections of the Companies Act 1967, including section 409A(1) and section 157 of the Companies Act 1967. Section 409A(1) lets the Act issue injunctions when a person has “engaged, is engaging or is proposing to engage in any conduct” that would affect the claimant’s interests. 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The interim injunction was granted on April 19.\nIn its statement dated April 22, Cordlife says that is currently seeking legal advice.\nCordlife’s shares last traded at 14.8 cents.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429185845"}