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Global Cord Blood Corporation (CO) Announces Receipt of Unsolicited Non-Binding Acquisition Proposal

  • March 2, 2021


StockGlobal Cord Blood CorporationSymbolCO
Date Announced03/02/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Alternate Ocean Investment Company Limited

Global Cord Blood Corporation (CO), China’s leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services, today announced that its board of directors has received a non-binding proposal letter from Alternate Ocean Investment Company Limited, a wholly-owned subsidiary of Haitong International Securities Group Limited, pursuant to which Alternate Ocean, acting on behalf of certain funds and/or entities that it manages and/or advises, proposes to acquire all of the outstanding ordinary shares of the Company for US$5.00 per ordinary share in cash, subject to certain conditions.

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