Cordlife Group (SG:P8A) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cordlife Group Limited has announced a change in the allocation of funds from its 2013 private placement, redirecting approximately S$0.8 million originally intended for placement-related expenses to general working capital. This decision follows the utilization of around S$27.2 million of the S$33.5 million raised and coincides with regulatory challenges, including suspensions issued by the Ministry of Health on the company’s services. Additionally, Cordlife is offering refunds and waiving fees for clients affected by equipment under investigation.
For further insights into SG:P8A stock, check out TipRanks’ Stock Analysis page.
