Cordlife has come under scrutiny after it revealed last year that several storage tanks for cord blood units were exposed to temperatures above -150 degrees Celsius, the acceptable limit.
SINGAPORE: Cordlife is facing a boardroom shakeup after its shareholders requested the removal and appointment of several directors amid the company’s mishandling of cord blood units.In a bourse filing on Thursday , Cordlife said it received a requisition notice on Mar 14 from Phillip Securities as a nominee for one shareholder, Nanjing Xinjiekou Department Store Co, requesting the board to convene an extraordinary general meeting .
The remaining three resolutions called for the appointment of three others as directors of the company – Dr Teo Tong Kooi, Dr Xu Tianhong and a Cai Yong. Test results determining impact of Cordlife's mishandled cord blood units likely to be ready by end-March About 2,200 cord blood units, which were stored in one of the seven affected tanks, were damaged. Pending investigations, another 17,000 clients could be affected.
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