Cordlife stands firm on offer price for StemLife as deadline looms

One of the cryo containers that store umbilical cord blood and bone marrow samples at the private cord blood bank StemLife Bhd in Kuala Lumpur. The samples are kept in the stacked metal boxes to the left of the cylinder.

If Cordlife gets less than 90%, Bursa Securities may impose additional conditions for the withdrawal of StemLife’s listing status. A listed company also may not withdraw its listing unless, among others, the withdrawal resolution must be made at an EGM where it is approved by 75% in value of shareholders and holders of any other class of listed securities.