CORFF Stock UPDATES Cordlife Ltd (CORFF) 0.1212 10/23/2014 1
Post# of 273217
China Cord Blood Corporation Announces Completion of Corporate Structure Consolidation
PR Newswire - Thu Feb 07, 6:00AM CST
China Cord Blood Corporation (NYSE:CO) ("CCBC" or the "Company" , the first and largest cord blood banking operator in China, today announced the completion of the previously announced transaction with Cordlife Services (S) Pte. Ltd., a subsidiary of the Company's strategic affiliate, Cordlife Limited (CBB.AU) ("Cordlife" , a cord blood and tissue banking services provider listed on the Australian Securities Exchange. As a result of the transaction, CCBC's effective equity interest in Shandong Province Qilu Stem Cells Engineering Co., Ltd. ("Qilu" , the operator of the Shandong Cord Blood Bank, has increased from approximately 19.9% to 24.0%, further extending the Company's presence in the Shandong market. The transaction was first announced on December 6, 2012.
CO: 5.01 (+0.09)